The Leeds Building Society has added a 95% loan to value (LTV) mortgage to its offering.

The fee-free five year fixed rate mortgage is priced at 4.30% with a free standard valuation up to £999.

Up to 10% capital overpayments are allowed penalty-free each year, while there are tapered early repayment charges (5/5/4/3/2%).

Matt Bartle, head of product and pricing at Leeds Building Society, said: “We’re constantly refining and enhancing our mortgage products and criteria to achieve our aim of helping people have the home they want.

“We work hard to offer a wide range of products that meet the needs of those who are often underserved by the wider market.

“This latest deal will assist homebuyers with smaller deposits, suiting people looking to take the first step onto the property ladder. It also complements our suite of products, which includes Help to Buy and Shared Ownership mortgages and an existing two year 95% LTV product.

“Fixed rates remain the most popular choice and a longer-term deal for five years enables borrowers to plan their future outgoings.”