Leeds Building Society has made a number of reductions to its two and five-year fixed rate mortgages of up to 0.31 percentage points, available up to 85% loan to value (LTV).

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

The mutual’s two-year fixed rate deal available between 75.01% and 80% LTV has been cut by 0.31% to 2.34%, with the version available between 80.01% and 85% LTV reduced from 3.25% to 2.99%.

The Society has also announced reductions of up to 0.30% on its five-year fixed rate deals, to new rates of 3.39% available up to 75% LTV, and to 3.49% between 75.01% and 80% LTV.

The Leeds also has a five-year rate of 3.79% for those clients with a 15% deposit available.

In addition, the Society has also lowered the rates on its ‘fees assisted’ mortgages over the same periods by up to 0.30 percentage points, including a five-year deal at 3.99% up to 85% LTV. These products offer free standard valuations worth up to £335 and free in-house legal services for standard re-mortgages, together with reduced fees.

Phil Coombes (pictured), Leeds Building Society’s head of intermediary sales, said: “Our new mortgage range, which includes a market leading five-year deal, offers a fantastic opportunity for those clients who wish to lock into the certainty of low fixed repayments.

“This is combined with the flexibility of 10% capital repayments each year at a very affordable rate. We have also launched a market leading fees assisted five-year fixed rate, which is suitable for those clients who may require help with up front costs.”