The Leeds Building Society has made cuts of up to 0.25 basis points on its five-year offering.

The mutual is now offering an 80% LTV deal at 3.74%.

The five-year version available up to 85% LTV has been cut by 0.25 basis points to 4.24%, and the Leeds has introduced a new tier up to 70% LTV at 3.29%.

All these offers have no higher lending charge and allow 10% capital repayments each year without penalty.

Leeds has also made reductions in rate on the fees assisted versions of these products, with the version up to 80% LTV lowered by 0.20 basis points to 4.19% and the offer up to 85% LTV reduced by 0.25 basis points to 4.64%.

Kim Rebecchi, Leeds Building Society’s sales and marketing director, said: “We are offering a competitive five-year fixed rate mortgage range, including a market leading offer at 3.74% up to 80% LTV, following reductions in rates.

“Our five year fixed rates combine certainty, at a very affordable rate, with the flexibility of 10% capital repayments each year. The other important factor is that the offers are available up to 95% LTV, thereby accessible to more borrowers. We also have fees assisted versions of these products, with rates down by up to 0.25%, for those who require help with up front costs.”