Leeds Building Society makes mortgage rate reductions following Bank of England base rate decision
08 May 2025
Leeds Building Society is reducing rates across its residential mortgage range by up to 18bps from Saturday 10th May, following Thursday’s Monetary Policy Committee meeting.
The new rates, available from Saturday, 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.
Product highlights:
Residential 3-year Fixed Rate up to and including 31/08/2028
- Fixed rate of 4.59% (reduced by 18bps)
- No fee payable upon completion
- Available up to 80% 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 5-year Fixed Rate up to and including 31/08/2030
- Fixed rate of 4.26% (reduced by 5bps)
- 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
Jonathan Thompson, Senior Product & Pricing Manager at Leeds Building Society, said:
“As the Bank of England has reduced the base rate, we’re making some changes to our mortgage range and reducing a number of our rates from today.
“We’ve implemented these changes to give brokers, buyers and homeowners greater choice as we anticipate further reductions in the market following the Monetary Policy Committee decision.”
