Leeds slashes rates

The society is also offering a 5-year fix at 3.09% to 80% LTV with a free standard valuation up to £335 and fees assisted legal services for standard remortgages.

Leeds has also reduced 2-year fixes, which now stand at 2.24% to 75% LTV and 2.39% to 80% LTV.

Martin Richardson, Leeds Building Society’s general manager – business development, said: “We've reviewed our range of competitive 2 and 5-year deals to offer borrowers an additional range of benefits including low fees, free valuations and free legal services.

"We've reduced rates where we've been able to and expect these deals to appeal both to remortgagors, who have more equity in their property, and homebuyers with a larger deposit to put down."