Leeds Building Society has launched a new 95% LTV deal and trimmed the rate on on one of its 90% LTV products.

The new 95% LTV deal is fixed for two years at 3.65% with no fee.

It has reduced the rate on its five-year fixed at 90% LTV  by 5 basis points to 3.27%

Both deals come with a free standard valuation and the 90% LTV product also comes with fees-assisted legal services for standard remortgages.

Leeds Building Society director of products Matt Bartle says: “We are constantly reviewing and improving our mortgage range and the changes we’re making will assist those buyers with smaller deposits, so are ideally suited to people looking to take their first step onto the housing ladder.

“Our latest two year fixed product comes with no product fee, which is an option first time buyers may welcome as they look to minimise their upfront costs and keep money to cover the unexpected costs which inevitably crop up when you move into your first home.

Bartle says that five-year fixed rates have been proving popular recently.

He adds: “When economic circumstances are uncertain, longer term fixes allow borrowers security of repayments so they can plan their budget knowing that what tends to be their largest monthly outgoing will remain unchanged for the term.

“We work hard to offer a wide range of products, including shared ownership mortgages, that meet the needs of different types of borrowers, particularly those who are often under served by the wider market.”