The product also includes a 1.25% discount at the end of the fixed rate period, for a further three years.
Leeds Building Society has reduced the product rate on one of its 95% LTV offerings by 0.40%.
The deal is a 95% LTV 2-year fix, slashed from 3.24% to 2.84%.
The product also includes a 1.25% discount at the end of the fixed rate period, for a further three years.
Furthermore, the deal includes no completion fees and free valuations as standard.
Matt Bartle, director of products at Leeds Building Society, said: “Our 95% LTV mortgage has been designed with first-time buyers in mind, and this latest rate reduction will be very appealing to those looking to get onto the property ladder this year.
“There have been some signs of increased activity in the UK property market in recent months.
"Some analysts have suggested that an end to the uncertainty around Brexit may have been a factor for some first-time buyers, and we’d also expect to see more market activity as we move towards spring.
“We understand the importance of affordable housing, which is why we’re always looking for ways to help buyers with smaller deposits, alongside Help to Buy and shared ownership mortgages, which complement our range of deals at higher LTVs."
