Leeds Building Society has cut residential fixed-rate loans by up to 32 basis points, while YBS Commercial Mortgages trims prices for portfolio landlords by up to 15bps.
Leeds Building Society says reductions cut across 27 products in its residential, shared ownership, and Reach loans – for customers with small deposits.
The mutual says highlights include:
Residential five-year fixes up to 30 April 2029 at 4.93%, from 5.08%.
- 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 two-year fixes up to 30 April 2026 at 5.14%, from 5.19%
- No completion fee
- Available up to 90% borrower share
- Free standard valuation
- Tapered early repayment charges
- 10% penalty-free capital over repayment allowed each year
Leeds Building Society senior products & pricing manager Jonathan Thompson says: “Throughout January, we saw a 6% increase in applications by first-time buyers versus the same month last year, which suggests that consumer confidence is increasing.
“We are particularly pleased to be able to offer our members even better value on our shared ownership mortgage range, a tenure which we see as a crucial part of the housing mix and a vital route for many aspirational homeowners to get onto the property ladder.”
Meanwhile, YBS Commercial Mortgages has cut rates by 15bps on five-year semi-commercial fixes, available on loans of up to £5m.
The unit, part of Yorkshire Building Society, says these offers are designed specifically for part-residential, part-commercial assets.
Rates now start at 6.75%, from 6.90% up to 60% LTV, with a 2% fee — and 6.80%, from 6.95% up to 70% LTV, with a 3% fee.
The business adds that its corporate buy-to-let products, which come with a 5% fee, are 10bps lower.
Landlords who want to borrow more than £1m can use a five-year fix at 4.95%, from 5.05%, up to 65% LTV — and for clients borrowing up to 70% LTV, rates are now at 5.00%, from 5.10%.
