FTB rates cut at Leeds

Leeds 387

Leeds Building Society has announced that it has cut a number of rates across its high LTV and HTB mortgages.

According to the lender, two and five-year 95% LTV products will be reduced by up to 0.33% from the 22nd of February. Two-year fixed rates now start from 2.74% with a £999 product fee or 3.09% fee-free, while five-year fixes are available at 3.79% with no fee.

Leeds is also reducing rates on its Help to Buy range by up to 0.23%.

The new Help to Buy range includes a 2.29% two-year fixed rate and a 2.49% five-year fix, both with free standard valuation, £500 cashback and no product fee.

Matt Bartle, Leeds Building Society’s director of products, said: “Our mission as a building society is to help people save and have the home they want so we continue to look for ways to help more first-time buyers.

Our latest high LTV deals will assist homebuyers with smaller deposits, which suits those looking to buy a home for the first time. As a Society we have been a long-time supporter of the Help to Buy market and have continued to innovate in this space, becoming the first lender to accept remortgages.

All of our Help to Buy products remain available for both purchase and remortgage applications as we retain our focus on assisting borrowers not well served by the wider market. The reduced deals, as well as the cashback incentives, are further examples of offering greater choice to borrowers to help them find products that suit their individual needs. Cashback can provide additional flexibility and cash during what can be an expensive time for home buyers.”

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