The Leeds Building Society has cut rates on mortgages across all loan to value (LTV) tiers as it refreshes its two and five year fixed rate deals.

New deals include:

• 1.39% two year fixed rate available up to 65% LTV, with free standard valuation and £1,999 fee
• 1.89% two year fixed rate available up to 65% LTV, with no fee, free standard valuation and fees assisted legal services
• 2.49% five year fixed rate available up to 80% LTV, with no fee, free standard valuation and £1,000 cashback
• 4.19% five year fixed rate available up to 95% LTV, with no fee and free standard valuation

Jaedon Green, Leeds Building Society’s director of product and distribution, said: “Fixed rate mortgages remain the preferred choice for the majority of borrowers as they offer security of repayments, which makes it easier for people to manage a budget.

“A Bank Base Rate rise is looking increasingly likely but current mortgage rates are still at historic lows so fixing now enables borrowers to lock in before any move.

“We’ve improved rates across our mortgage range at all LTV tiers which will benefit borrowers whether they’re first time buyers with a 5% deposit or existing homeowners who’ve built up more equity and want to remortgage to a better deal.”