Leeds cuts fixed rates
Leeds Building Society is set to cut rates on some of its fixed and offset mortgage rates, joining the raft of lenders sweetening mortgage deals right now.
The mutual is offering a 1.84% two-year fixed rate available up to 65% LTV (loan to value) and a 3.59% five year fixed rate available up to 85% LTV from tomorrow.
The five-year deal has no fee and is offered with a free standard valuation covering properties priced up to £500,000 and fees assisted legal services for standard remortgages.
The mutual is also offering a new range of five-year fixed rate offset mortgages from Wednesday, including a 2.99% deal available up to 75% LTV.
“As the chances of a base rate rise have become less likely, we’ve been seeing greater demand for longer term fixed rate products and our new five year deals are in response to this,” said Martin Richardson, Leeds Building Society’s general manager – business development.