Leeds Building Society has unveiled a new two year Base Rate tracker mortgage with a rate of 1.99%.

The deal is available up to 75% LTV (loan to value) and comes with a free standard valuation up to £335 and free in-house legal services for remortgages. It has a £1,499 fee.

Martin Richardson, Leeds Building Society’s general manager for business development, said: “In the current historic low interest environment trackers can offer borrowers an attractive deal and our latest two year Base Rate tracker has an extremely competitive rate of 1.99%.

“We anticipate this mortgage will appeal to borrowers who expect the Base Rate to stay at its historic low for some time longer, or to move very slowly should it start to rise in the immediate future.”