Leeds Building Society has launched a new build Help to Buy product.

It is a two-year fixed rate mortgage with a rate of 2.50%.

Customers can borrow 95% of the value of their share in the property.

The deal comes with a lw fee of £199 and a free standard valuation up to £335. It is available in England, Scotland and Wales.

Martin Richardson, Leeds Building Society’s general manager – business development, said: “This is a market-leading rate for a Help to Buy mortgage and we expect it to be very popular.

“In addition, the benefits of a low £199 fee and a free valuation reduce upfront costs for the type of borrowers that Help to Buy was introduced to support.

“Unlike some lenders, Leeds Building Society does not differentiate between first time buyers and home movers and this attractive deal is available to both.”