The Leeds Building Society has introduced a range of five-year fixed rate mortgages at 65%, 75% and 80% LTV.

The mortgages are priced as follows: 2.59% up to 65% LTV; 2.84% up to 75% LTV and 2.94% up to 80% LTV.

All these offers come with a free standard valuation up to £335, no higher lending charge and allow 10% capital repayments each year without penalty.

“We expect these new five year deals to appeal to home buyers with a larger deposit or homeowners with at least 20% equity in their property,” said Martin Richardson, Leeds Building Society’s general manager – business development.

“Now could be an ideal time for borrowers to lock into a competitive deal – this time of year is traditionally peak season for remortgaging and it’s worth homeowners reviewing whether switching to a more competitive deal while rates are low could bring down their monthly repayments or shorten their mortgage term, and provide them with longer-term security of payment over the next five years.”