Leek Building Society is cutting mortgage rates across parts of its residential, shared ownership, holiday let and limited company buy-to-let range from Monday 13 April.

The mutual said the changes come as lenders continue to respond to recent volatility in the mortgage market.

From Monday, its standard residential products at 95% loan-to-value will be priced at 5.64% for a two-year fixed rate and 5.36% for a five-year fixed rate.

Shared ownership rates will be 5.59% for a two-year fix and 5.33% for a five-year fix, while holiday let products will be available at 5.46% and 5.35% respectively.

Its fee-free limited company buy-to-let products will be priced at 5.73% for a two-year fixed rate and 5.41% for a five-year fixed rate.

Leek Building Society said it had remained active in the intermediary market during the recent period of turbulence, pointing to its underwriting approach on more complex cases.

Nikki Warren-Dean, head of intermediaries at Leek Building Society, said: “While some market participants have pulled back recently, our priority is to provide consistent, reliable service to our intermediary partners.

“These price reductions are about ensuring brokers have the tools to deliver the best outcomes for their clients in an ever-changing landscape. We remain a steady presence in the market, backed by our human-led approach to underwriting.”