The Leeds Building Society has refreshed its range of two and three year fixed rate mortgages.

It has launched a new two year fixed rate mortgage at 1.94% up to 65% LTV (loan to value), cut its two year fixed rate deal up to 85% LTV from 2.99% to 2.79% and reduced its three year fixed rate deal up to 75% LTV from 2.69% to 2.39%.

The relaunched three year deal complements the mutual’s three-year products at higher LTVs – at 2.84% up to 80% LTV and 3.19% up to 85% LTV.

All these mortgages come with an arrangement fee of £800 and no booking fee.

Martin Richardson, Leeds Building Society’s general manager for business development, said: “Short term fixed rate mortgages are among our most popular products with borrowers.

“The current low interest rate environment means rates are particularly competitive at the moment – these two and three year deals offer borrowers security of repayments in the short term and form part of our choice of fixed term, variable and discount mortgages to suit a range of customers’ needs.”