Leeds Building Society has made reductions of up to 0.21% on products across its mortgages range. The society has made cuts for its existing mortgage holders, with its five-year fix now starts at 4.89% at up to 90% LTV and come with no fees. The lender’s two-year fix, which is available only to first-time buyers, is available at 4.79% at up to 85% LTV and also comes with zero fees. Finally, Leeds’ two-year fix, which is available for purchase and remortgage customers, is available at 4.15% up to 65% LTV with a £1,499 fee. All products come with a free standard valuation up to £999.

MortgagX has expanded its capabilities with new features to help banks and lenders enhance the mortgage journey. Under the new update, the AI-powered end-to-end platform for mortgage brokers and customers has launched its new X-Plore tool, a speech-based AI assistant that provides access to mortgage and criteria information. This is designed to act as a single access points for both brokers and customers to review detail bank criteria. It has also introduced new underwriting capabilities by incorporating unconventional data points, such as mobile usage, credit card bills and income-expenditure patterns. Designed to function as a wrapper around existing underwriting systems, the solution integrates with a bank’s infrastructure.

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