The rate, which is currently 4.94 per cent for loans up to 90 per cent loan-to-value, also provides a free valuation up to £335, has no higher lending charge and free in-house legal services for remortgages.
Jeff Kirk, corporate relationship manager at Leeds, said: "We have seen that many clients like tracker mortgages and this product, which is base rate plus 0.44 per cent up to 90 per cent loan-to-value, is very competitive.
"We also have a three-year fee-free tracker for clients who only wish to put down a 5 per cent deposit, which is currently at a rate of 5.54 per cent. These products will prove attractive to both first-time buyers and remortgage customers who are looking to benefit from a mortgage without any set up costs."
