The new deals include three- and five-year deals with a free standard valuation and fees assisted legal services, as well as a low £199 fee. They are available to borrowers with large deposits of 20% of the property’s value and over.

Highlights of the range include:

• 2.39% three-year fixed rate mortgage available up to 80% of the property’s value
• 2.59% three-year fixed rate mortgage available up to 85% of the property’s value
• 2.60% five-year fixed rate available up to 65% of the property’s value
• 2.65% five-year fixed rate available up to 75% of the property’s value
• 2.74% five-year fixed rate available up to 80% of the property’s value.

Martin Richardson, Leeds Building Society’s director of business development, said that borrowers are looking to lock into a low rate. “Longer term fixed rate deals are still popular and we’re seeing strong demand for remortgages while rates are at their current levels.

“By remortgaging to a more competitive deal, homeowners can bring down their repayments and lock in to give them the security of fixing what’s usually their biggest monthly outgoing.

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“If repayments are lower they have the choice to overpay by up to 10% and bring down the total length of their mortgage term, which could mean a significant saving overall.”