Leeds Building Society is launching a number of 85 per cent loan-to-value products tomorrow for residential borrowers.

It is also cutting rates on a number of other deals at 65, 75 and 90 per cent LTV by up to 10 basis points.

The new products at 85 per cent LTV are with standard valuation and legal fees included are:

• A two-year fixed rate at 1.81 per cent with a £999 fee.
• A two-year fixed at 2.1 per cent with no fee.
• A five-year fixed at 2.19 per cent with no fee.

Rate cuts include:

• Its two-year fixed at 65 per cent LTV for purchase and remortgage with a £999 fee will come down from 1.29 to 1.19 per cent.
• Its fee-free two-year fix at 65 per cent LTV will come down from 1.64 to 1.56 per cent
• Its two-year fix at 75 per cent LTV with no fee will be cut from 1.7 to 1.65 per cent.
• At 80 per cent LTV its two-year fix with no fee will reduce from 1.85 to 1.79 per cent.