The Leeds Building Society has revamped its mortgage range by reducing its fixed rate deals by up to 0.30 percentage points.

New rates include a 1.99% five-year fixed rate deal available up to 90% loan to value (LTV) and a 2.24% fee saver five-year fixed rate available up to 85% LTV

The reductions include a cut of 0.30 percentage points on all fixed rate deals in the Society’s Holiday Let mortgage range. These come with a combination of fees, including no fee, as well as legal and valuation incentives.

“Borrowers have benefitted from many years of historically low rates but we’re now in a rising rate environment and they may want to lock in to give themselves security on their monthly repayments,” said Jaedon Green, Leeds Building Society’s director of product and distribution.

“A lot of people start the New Year by reviewing their financial commitments, or deciding to move, and the ongoing economic uncertainty gives homebuyers and remortgagors an extra incentive to lock into a fixed rate now for the longer term.”