The product comes with a £199 fee, while it also includes a free valuation and fees assisted legals for standard remortgages.
Martin Richardson, Leeds Building Society’s general manager – business development, said: “Two year fixed rate mortgages are consistently our most popular product so we’re pleased to be able to reduce the rate on this deal.
“We work hard to offer borrowers a range of alternative packages across our fixed and variable rate mortgages so they can choose the product with the term and features which best suits their own individual circumstances.”