Mortgage prices have been reduced as part of a new year sale by Leeds Building Society, the lender has announced.
The cost of a number of its homeowner loans – including fixed-rate and first-time buyer options – have been cut, with rates for three-year fixed-rate deals now starting at 4.75 per cent for a 65 per cent loan-to-value (LTV) deal.
Those looking for a product with 85 per cent LTV can expect to pay 5.99 per cent interest, with all of the lender’s thee-year fixed-rate options carrying a completion fee of £999.
Leeds Building Society’s Karen Wint explained the new mortgages will give customers “peace of mind and flexibility”.
“The new year is a great time to sort out your finances and … I would urge customers to act quickly to secure a great deal,” she remarked.
Those looking to switch their mortgage as part of a debt management plan may wish to consider the new finance packages.
NatWest and the Royal Bank of Scotland have also introduced new fixed-rate mortgages, with interest rates being cut by up to 0.4 per cent.
By Tom Musk