The mutual has unveiled a number of new products, which all come with mortgage incentives like free valuation, low product fees and reduced legal fees.

Leeds has launched a two-year fixed rate product at 2.09% for those with a 20% deposit.

At 80% loan-to-value it will offer a two-year fix at 2.19% and a five-year deal at 2.94%.

All three products have a £199 fee and free standard valuation is included for properties worth less than £500,000.

For remortgage customers fees assisted legal services are also on offer.

Martin Richardson, Leeds Building Society’s business development general manager, said many people looking to remortgage wanted to take advantage of low-free products.

“In addition to a competitive rate, our range includes a choice of fee and incentive combinations so borrowers can have the features which best suit their individual circumstances,” he said .

“On larger loan sizes the product with a larger fee can often work out better value but we know many borrowers, particularly first time buyers or remortgagors, will be keen to minimise the upfront costs of their mortgage so a low-fee deal with incentives is exactly what they are looking for.”