Leeds Building Society has announced it is making some changes to its new lending mortgage range. These changes affect new mortgage applications only. Changes below. Newspage asked brokers for their views, bottom.<ul><li>Selected Buy to Let and Portfolio Buy to Let fixed rates reduced up to 0.12%.</li><li>Selected Residential fixed rates reduced up to 0.10%.</li><li>Selected Shared Ownership rates reduced up to 0.12%.</li></ul>

mortgages

Leeds Building Society reduces rates

Leeds Building Society has clearly welcomed the recent base rate reduction. Other lenders are expected to follow suit, but it won't happen overnight. We will see more rate cuts over the coming weeks, although some of them may be quite small. However, with consistent reductions in the right direction, these changes will gradually have a significant positive impact on mortgage holders' finances.

Harps Garcha

At Brooklyns Financial throughout the process you as our client are at the centre of the service, and advice we provide. Over the last decade our business has been purely built up by existing client referrals along with introductions from our professional colleagues, which we believe validates the high level of service we provide. Our aim is to be there for our clients on a long-term basis by focusing on your present needs, along with your future goals and aspirations. We have access to a comprehensive panel of lenders, which allows us to provide you with options from both mainstream and specialist lenders in addition to exclusive products that may not be available on the high street. This allows us to match the best mortgage in the market to meet your personal requirements as our experience tells us ‘one size fit all’ is not the case. our location within the United Kingdom will not hinder the support we can give you. We do not stop at just arranging your mortgage, we will ensure both your property and family are protected as well. So, you have peace of mind about your future knowing that whatever life may throw at you, you have protected your loved ones to the best of you

Ongoing incremental rate cuts by mortgage lenders are a welcome development for UK borrowers. Leeds Building Society is the latest to join this trend, lowering their rates and contributing to a more competitive market. For mortgage seekers, this is undeniably good news. Lower rates mean more affordable borrowing costs, making homeownership more accessible to a broader segment of the population. Additionally, as lenders jostle for position, consumers benefit from a healthier market with better deals and more choices. As lenders continue to adjust their offerings to attract customers, we can expect further enhancements in service quality and product innovation.

Ranald Mitchell

Co-owner at Charwin Private Clients since 2009, offering mortgages, buy to let, secured loans, commercial finance and bridging.

logo.jpg

logo

More welcome cuts for borrowers from the Leeds Building Society. It may be next week before this week's Bank of England rate decision really starts to feed through. It's not as easy for lenders as flipping a switch.

Emma Jones

When The Bank Says No is a team of professional mortgage and insurance brokers, dedicated to helping our clients achieve the finance they need to buy their home. Founded by our parent company Alder Rose Mortgage Services Ltd, we were born out of a desire to support people – no matter the complexity of their situation. Instead of sending more challenging cases to other brokers where we had no control over their experience, we wanted to be there for everyone – every time.

This may well be a result of the Bank of England decreasing the base rate to 5% yesterday. Skipton Building Society also reduced rates earlier today. Now, let's see some major lenders join the fray and spark an all-out price war, a much-anticipated outcome for house buyers.

Dariusz Karpowicz

Here at Albion Financial Advice our emphasis is on high quality, face-to-face financial advice and an unrivalled level of customer service without obligation. This is pivotal to everything we do and is undoubtedly the reason why our customer base is expanding rapidly through recommendations from our clients. We are able to offer clients advice in each of the following areas: Business & Family Protection including Inheritance Tax on a “Best of Breed” approach and a comprehensive range of mortgages.

This is another lender that is continuing to cut rates, and one that is now focusing more on higher loan-to-value borrowers, too. The amounts may be small but consistency is key and what matters is the rate cuts keep coming. As long as the trajectory is down, it will be embraced by borrowers.

Craig Fish

I’m driven by a passion for clear, no-nonsense advice - always delivered in plain English. That might be my northern roots showing, but I believe in cutting through the jargon and getting straight to the point, while still meeting all the necessary regulatory requirements.

If I can help you, I will. If I can’t, I’ll say so. I won’t waste your time. This honest, straight-talking approach, combined with empathy and a genuine understanding of each client’s situation is why so many people come back to me time and time again, and why they often refer me to their friends and family.

In today’s world of post-pandemic, post-credit crunch mortgage lending, it can sometimes feel like lenders are doing everything they can to avoid doing business. That’s where my determination really comes into play. If I believe in a case, I’ll go further than most to get it over the line. I don’t give up easily, and I’ll always fight for the right outcome.

What you’ll get from me is honest, impartial advice, delivered in plain English by someone who genuinely cares. You won’t get jargon, waffle, pressure to buy, or broken promises. Just straightforward support from someone who’s in your corner.

Leeds Building Society reduces rates

5 responses from the Newspage community
Copy all

Harps Garcha

Director at Brooklyns Financial

Ranald Mitchell

Director at bad credit mortgage specialists Charwin Mortgages

Emma Jones

Managing Director at Whenthebanksaysno.co.uk

Dariusz Karpowicz

Director at Albion Financial Advice

Craig Fish

Director at Lodestone Mortgages

5 responses from the Newspage communityCopy all

5 responses from the Newspage community
Copy all