Leeds Building Society is cutting rates on its range of two and five year fixed rate mortgages at 75% and 80% LTV tomorrow (6 November).
Five-year fixed rate mortgages will be reduced from 3.09% to 2.89% up to 75% LTV, and from 3.34% to 2.99% up to 80% LTV.
The mutual also will offer a fee-assisted five-year fixed rate mortgage up to 80% LTV, reduced from 3.44% to 3.09%. This comes with a free standard valuation up to £335 and fees assisted legal services for standard remortgages.
In addition, two-year fixed rate mortgages will be cut from 2.39% to 2.24% up to 75% LTV, and from 2.59% to 2.39% up to 80% LTV.
The Skipton is also offering a fee-assisted two-year fixed rate mortgage up to 80% LTV, reduced from 2.69% to 2.44%. This again comes with a free standard valuation up to £335 and fees assisted legal services for standard remortgages.
“We’ve reviewed our range of competitive two and five year deals to offer borrowers an additional range of benefits including low fees, free valuations and free legal services,” said Martin Richardson, Leeds Building Society’s general manager – business development.
“We’ve reduced rates where we’ve been able to and expect these deals to appeal both to remortgagors, who have more equity in their property, and homebuyers with a larger deposit to put down.”
