Mortgage

Leeds BS and TSB lower rates – mortgage strategy

Leeds Building Society has introduced interest rate changes for new loans and mortgage ranges for existing customers.

The association’s new lending changes include cutting selected residential fixed rates by up to 0.38%.

It also added a new residential fixed-rate product.

Meanwhile, interest-only products have dropped by 0.35%, with selected buy-to-let (BTL) fixed rates down by up to 0.16% and selected shared ownership fixed rates down by 0.04%.

Leeds has also made adjustments to interest rate conversions, including reductions of up to 0.16% on selected limited company BTL fixed rates.

Elsewhere, TSB has also reduced rates on some residential products.

Rates will be reduced by up to 0.20% on two-, three- and five-year fixed home purchase products with loan-to-value (LTV) ratios of 85% to 95%.

Additionally, reductions of up to 0.15% are available on two- and five-year fixed-share home purchases between 85% and 95% LTV products.

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