In news that may be of particular note to those with Leeds Building Society savings, the lender has decided to reduce rates attached to its two and three-year fixed mortgages, which may be ideal for people eager to benefit from the security of a set figure without being locked in to a deal for a long time.
For instance, the firm has cut its two-year products by up to 0.3 per cent and its three-year alternatives have been subject to reductions of as much as 0.4 per cent.
Kim Rebecchi, sales and marketing director at Leeds Building Society, commented that customers are looking for "security, peace of mind and longer-term value" in the present low-interest rate environment.
This comes after housing minister Grant Shapps called on lenders to introduce "mates' mortgages" to help people get on the housing ladder.
By Emma North