Leeds Building Society has cut rates for homeowners looking to renew their mortgage and first-time buyers by an average of 37 basis points since the start of the year.  

Highlights of the mutual’s futher fixed-rate reductions today (17 January) include:  

Residential two-year fix up to 30 April 2026  

• Fixed rate of 4.43%.  
• £999 fee payable on 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  

Residential two-year fix up to and including 30 April 2026  

• Fixed rate of 5.49%  
• No completion fee  
• Available up to 95% LTV  
• Free standard valuation  
• Tapered early repayment charges  
• 10% penalty-free capital over repayment allowed each year  

Shared ownership five-year fix up to 30 April 2029  

• Fixed rate of 5.26%  
• No completion fee  
• Available up to 95% borrower share  
• Free standard valuation  
• Tapered early repayment charges  
• 10% penalty-free capital over repayment allowed each year  

Leeds Building Society senior product & pricing manager Jonathan Thompson says: “Including the changes made two weeks ago, we’ve now cut rates on 68 products this month and introduced 10 new residential products.  

“With an average reduction of 37bps, these changes will take hundreds of pounds off the price of an average residential reversionary rate for those who are nearing the end of their current mortgage. We also hope these reduced rates will help many aspirational first-time buyers take their first step onto the property ladder.”