Leeds Building Society has cut its buy-to-let mortgage rates by up to 0.22%, with its five-year fixed BTL product now priced at 4.67%, down from 4.89%, available up to 60% LTV. The product carries a £1,499 completion fee and includes a free standard valuation up to £999, with a fees-assisted in-house legal service for remortgages.
The rate reductions extend across the Society’s residential and shared ownership ranges. On the residential side, a two-year fixed rate is now available at 5.22%, down from 5.30%, up to 90% LTV with no completion fee. A three-year fix has dropped from 5.70% to 5.58%, available up to 95% LTV, also fee-free. The five-year residential fix now sits at 5.06%, reduced from 5.14%, up to 90% LTV.
The shared ownership range has seen the largest single cut, with its five-year fixed rate falling 0.22% to 4.94% from 5.16%, available up to 95% LTV with no completion fee. All products include a free standard valuation up to £999.
“We’re pleased to be reducing mortgage rates by up to 0.22% across our range, providing further support to borrowers at a time when affordability remains a key concern,” said Jonathan Thompson, senior product and pricing manager at Leeds Building Society.
“These changes reflect our ongoing commitment to offering good value and helping more people achieve their homeownership goals or manage their existing mortgage more confidently. We continuously review our pricing to ensure we remain competitive while meeting the needs of both new and existing customers, and today’s announcement is another step in delivering on that promise.”
