Please note: Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

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Leeds passes on full 0.25% cut to borrowers

Leeds Building Society is reducing its standard variable rate (SVR) mortgage by 0.25% with effect from 1st September 2016.

Bank of England tracker mortgage rates will reduce automatically in accordance with their terms and conditions.

“After considering the impact of yesterday’s Bank of England Monetary Policy Committee announcement on variable rate products, we have decided to pass on the 0.25% cut in full to those mortgage customers on our SVR,” said Richard Fearon, Leeds Building Society’s Chief Commercial Officer.

“In addition homeowners with a tracker mortgage will benefit from lower monthly repayments automatically.”