The product, which is available between 70% and 80% loan to value, has been cut by 0.10% to 3.19%.
Kim Rebecchi, sales and marketing director at Leeds Building Society, said: "This is a market leading opportunity for those borrowers looking to lock into the certainty of low fixed repayments.
“This product combines certainty at a very affordable rate with the flexibility of 10% capital repayments each year.
“The other important factor is that it is also available up to 80% LTV, making it accessible to more borrowers.
"I would urge those customers coming to the end of an existing deal or looking to move home to visit our branches, where we have fully qualified mortgage advisers available on a no appointment necessary basis."
