The Leeds Building Society is set to  turn the heat up in the fixed rate mortgage sector.

With a mortgage rate war going on right now, Leeds have decided to launch a new 2 year fixed rate mortgage.

They claim it will be the only deal available on the mortgage market without any lock-ins.

The new mortgage will start from 5.95%, are available up to 90% loan-to-value (LTV) and include 2 and 3 year fixed rate mortgages.

You can also choose from 2 and 3 year buy-to let-mortgages and an offset lifetime tracker mortgage. 

None of the products have a higher lending charge than those previously offered and the 3 year fixed rates are fee free.

Leeds is also offering in-house legal services for remortgages and a free valuation up to £335 for those of you needing help with up front costs.

Kim Rebecchi, director of sales at Leeds Building Society said:

"These new mortgage deals complement our existing range superbly and ensure that we have a mortgage product to suit any individual's circumstances.

"There are currently many reports in the media saying the best mortgage deals are only available to those with large deposits, however, we are offering very competitive deals to those with only a 10% deposit.

"We recognise that many people are struggling in the current financial climate with large increases in the cost of living. Many borrowers like the ability to budget through fixed monthly payments. Our fixed rate mortgage range will minimise the payment shock for a sizeable proportion of borrowers and reduce monthly outgoings for many more. This will provide peace of mind at an affordable rate."

Need mortgage help? Use an unbiased adviser who can put you in contact with the Leeds Building Society as well as many other mortgage lenders, to help you find the best mortgage to suit your circumstances.

(Please note that articles on Money Hospital do not constitute regulated financial advice. The articles are only intended to provide you with general personal financial information. We urge you to consult an Independent Financial Adviser (IFA) before making any important decisions about your finances. All rates are correct at time of printing but are subject to change without notice.)