Would-be property buyers who are struggling to save up a deposit may be interested in a new deal offered by Leeds Building Society.

The company has launched a two-year discount home loan product available at a loan-to-value (LTV) ratio of 95 per cent, which has a competitive rate of 5.25 per cent.

Anyone who is able to save up a ten per cent deposit can benefit from a rate of 4.35 per cent.

This is in addition to the market-leading 75 per cent LTV two-year mortgage at only 2.45 per cent and a new two-year variable rate product at 5.89 per cent.

Leeds Building Society's Kim Rebecchi said: "The society is also offering a free valuation up to £335 and free in-house legal services for standard remortgages, to those customers who require help with upfront costs."

The fifth-largest building society in the UK, Leeds has assets of £9.5 billion and 67 branches in Britain, Gibraltar and Ireland.