Leeds Building Society has reduced rates across its mainstream residential mortgage range by up to 0.32%.

The mutual said the changes would support first-time buyers with smaller deposits, as well as home movers and borrowers coming to the end of their existing mortgage deal.

Among the reductions, Leeds has cut its two-year fixed rate for first-time buyers to 5.27%, from 5.59%. The product is available up to 95% loan-to-value, with no completion fee and a free standard valuation.

Its five-year fixed rate for first-time buyers has been reduced to 5.24%, from 5.42%. The product is also available up to 95% loan-to-value, with no completion fee and a free standard valuation.

The same rates are available to home movers, with the society offering a two-year fixed rate at 5.27% and a five-year fixed rate at 5.24%, both up to 95% loan-to-value.

Matt Bartle (pictured), director of products at Leeds Building Society, said: “We’re pleased to be reducing mortgage rates by up to 0.32% across our range. This will come as good news for first-time buyers with a smaller deposit saved and supports our purpose of putting homeownership within reach of more people, generation after generation.

“We’ve also reduced prices for home movers and those looking to remortgage at the end of their existing term, supporting borrowers at a time when affordability remains a key concern for many households.

“These changes reflect our ongoing commitment to offering good value and helping more people achieve their homeownership goals or manage their existing mortgage more confidently.”