Leeds Building Society has cut rates on its market-leading three-year fixed rate mortgage range.
The provider has reduced the figure from 3.89 per cent to a competitive 3.79 per cent, while rate that is available up to 75 per cent loan to value (LTV) has dropped to 2.94 per cent.
Aiming to provide peace of mind to homeowners who may be struggling to make ends meet, the move does not come with a higher lending charge and is fully portable.
Kim Rebecchi, sales and marketing director at Leeds Building Society, said the slash to rates gives the opportunity for borrowers to lock into low fixed repayments.
She added: “It provides customers with peace of mind and the security that their monthly payments will remain the same for three years at a very affordable rate.”
The lender has also introduced cuts to rates on the fees assisted versions of the products by 0.31 per cent and 0.10 per cent up to 75 per cent and 85 per cent respectively.