Leeds Building Society makes mortgage rate reductions of up to 0.40%
09 July 2025
Leeds Building Society is reducing rates across its Residential, First-Time Buyer, Shared Ownership, buy to let, portfolio buy to let and interest only and Interest Only mortgage ranges by up to 0.40% (40bps) from tomorrow, 10 July 2025.
The new rates, available from tomorrow, 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 5-year Fixed Rate up to and including [31/10/2030]
- Fixed rate of 4.94% (0.30% reduction)
- £0 fee payable upon completion
- Available up to 95% 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
First Time Buyer 3-year Fixed Rate up to and including [31/10/2028]
- Fixed rate of 5.18% (0.40% reduction)
- £0 fee payable upon completion
- Available up to 95% Loan to Value
- Free Standard valuation
- Tapered Early Repayment Charges
- 10% Penalty Free capital over repayment allowed each year
Income Plus 5-year Fixed Rate up to and including [31/10/2030]
- Fixed rate of 4.99% (0.30% reduction)
- £0 fee payable upon completion
- Available up to 85% Loan to Value
- Free Standard valuation
- Tapered Early Repayment Charges
- 10% Penalty Free capital over repayment allowed each year
Shared Ownership 2-year Fixed Rate up to and including [31/10/2027]
- Fixed rate of 5.12% (0.07% reduction)
- £0 fee payable upon completion
- £500 Cashback
- Available up to 95% Borrower Share
- Free Standard valuation
- Tapered Early Repayment Charges
- 10% Penalty Free capital over repayment allowed each year
Jonathan Thompson, Senior Product & Pricing Manager at Leeds Building Society, said:
“We hope these changes will ease the pressure on homeowners nearing the end of their fixed-term deals, whilst also supporting first-time buyers.
“We’re especially pleased to be reducing rates on our Income Plus products which enhance affordability for first-time buyers, and we remain committed to supporting members with a competitive and comprehensive product offering.”
