Leeds Building Society makes mortgage rate reductions of up to 20bps ahead of Bank of England Base Rate decision
06 May 2025
Leeds Building Society is reducing rates across its residential mortgage range by up to 20bps from today, 6th May 2025, ahead of Thursday’s Monetary Policy Committee meeting.
The new rates, available from today, will come as further good news for brokers, homeowners who are looking to renew their mortgage, those who are moving house, and first-time buyers with a larger deposit amount.
Product highlights:
Residential 2-year Fixed Rate up to and including 31/08/2027
- Fixed rate of 4.07%
- £1499 fee payable upon completion
- Available up to 65% Loan to Value
- Free Standard valuation
- Fees assisted in-house legal service for remortgages
- Tapered Early Repayment Charges
- 10% Penalty Free capital over repayment allowed each year
Residential 2-year Fixed Rate up to and including 31/08/2027
- Fixed rate of 4.34%
- No fee payable upon completion
- Available up to 65% Loan to Value
- Free Standard valuation
- Fees assisted in-house legal service for remortgages
- Tapered Early Repayment Charges
- 10% Penalty Free capital over repayment allowed each year
Residential 2-year Fixed Rate up to and including 31/08/2027
- Fixed rate of 4.44%
- No fee payable upon completion
- Available up to 75% Loan to Value
- Free Standard valuation
- Fees assisted in-house legal service for remortgages
- Tapered Early Repayment Charges
- 10% Penalty Free capital over repayment allowed each year
Jonathan Thompson, Senior Product & Pricing Manager at Leeds Building Society, said:
“The changes we have made to our mortgage range today will hopefully go some way to alleviating the pressure on homeowners who are coming towards the end of their fixed-term rate.
“We’ve implemented these changes to give brokers, buyers and homeowners greater choice as rates drop across the market, and we continue to assess our range of products in support of new and existing members.”
