Leeds cuts fixed rates

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Leeds Building Society has cut its fixed rate deals by up to 0.30 per cent.

The range includes a 1.99 per cent five-year fixed rate available up to 90 per cent LTV.

It has a free standard valuation up to £999 and a £999 fee. It is available for house purchase or remortgage.

It also includes a 2.24 per cent fee-saver five-year fixed rate up to 85 per cent LTV.

It also has a free standard valuation up to £999.

The lender has cut all its holiday let fixed rate mortgages by 0.30 per cent.

Leeds Building Society director of product and distribution Jaedon Green says: “Borrowers have benefitted from many years of historically low rates but we’re now in a rising rate environment and they may want to lock in to give themselves security on their monthly repayments.

“A lot of people start the New Year by reviewing their financial commitments, or deciding to move, and the ongoing economic uncertainty gives homebuyers and remortgagors an extra incentive to lock into a fixed rate now for the longer term.”

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