Leek Building Society Launches New 5-Year Fixed Rate Mortgage: No Fees, Competitive Rates & Cashback Offers

Exciting Mortgage Product Updates from Leek Building Society

Leek Building Society has announced significant new mortgage offerings effective from 6 August 2025, designed to support a wide range of UK borrowers. The headline news includes a brand-new 5-year fixed rate residential mortgage product available up to 90% Loan to Value (LTV) at an attractive 4.45% with no product fees. In addition, their 2-year fixed rate shared ownership mortgage has been refreshed to provide borrowers with a substantial £400 cashback bonus.

New 5-Year Fixed Rate Mortgage: Product Details

• Product: 5-year fixed rate residential mortgage
• Maximum LTV: 90%
• Interest Rate: 4.45% fixed
• Product Fees: No arrangement or product fees

This new offering positions Leek Building Society among the more competitive choices for homeowners seeking stability and predictable repayments over the medium term. No upfront fees make the product especially appealing for first-time buyers and home movers looking to keep costs manageable.

Shared Ownership: Cashback Enhancement on 2-Year Fixed Rate

• Product: 2-year fixed rate shared ownership mortgage
• Interest Rate: 4.85% fixed
• Current Promotion: £400 cashback available for new customers

The addition of a £400 cashback bonus gives shared ownership buyers extra support with moving costs, legal fees, or furnishing their new home. Combined with a competitive fixed rate, this promotion is an excellent opportunity for those entering the property ladder via shared ownership.

Who Do These Updates Benefit?

• First-Time Buyers: The 5-year fix at 90% LTV with zero fees is ideal for those with smaller deposits and a need for predictable payments.
• Home Movers: Borrowers moving up the ladder stand to benefit from fee-free switching and medium-term rate certainty.
• Shared Ownership Applicants: The cashback offer on the 2-year fix makes Leek Building Society a strong choice for shared ownership applicants seeking cost savings.

Key Advantages of Leek Building Society

• No Product Fees: Reduce upfront costs for buyers and movers.
• Competitive Fixed Rates: Both 5-year and 2-year fixes compare well with other high street lenders.
• Cashback Offers: Enhanced value for shared ownership borrowers needing extra support with buying expenses.
• Specialist Lending: Solid experience supporting first-time buyers, shared ownership, and higher LTV purchases in the UK.

Why Choose Leek Building Society?

Leek Building Society is an established UK mortgage provider, authorised and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Their commitment to accessible homeownership is shown through fee-free mortgages, cashback incentives, and competitive rates. With dedicated products aimed at first-time buyers and shared owners, Leek Building Society stands out for flexible, borrower-friendly lending in today’s market.

Ready to Explore Your Mortgage Options?

If you are considering buying your first home, moving, or purchasing via shared ownership, Leek Building Society’s new and updated mortgage offers could be ideal for you. For tailored, independent guidance on your mortgage application and eligibility, contact our expert mortgage advisers today.

• Call us for a free consultation: 02392 006428
• View today’s best mortgage rates and products

Secure your new rate or cashback deal while they last—mortgage criteria and rates can change at short notice in the UK market.

FAQs: Leek Building Society Mortgage Updates

• Who qualifies for the 5-year fixed rate at 90% LTV?
  Eligible UK residents purchasing a residential property with a deposit of at least 10% qualify. Additional underwriting and affordability checks apply.
• How does the £400 cashback on shared ownership work?
  New borrowers approved for the 2-year fixed rate shared ownership mortgage will receive £400 cashback upon completion, directly supporting buying costs.
• Can I remortgage with Leek Building Society’s new products?
  These rates apply primarily to home purchases and shared ownership buyers. For remortgage rates, check with a broker for current options.
• How do these fixed rates affect my repayments?
  Your monthly mortgage payment remains stable for the fixed period, aiding personal budgeting and protecting against rate rises.
• How can I apply or check if I’m eligible?
  Contact our mortgage advice team at 02392 006428 or via our website for personalised support and eligibility checks.