The Leeds Building Society has launched the 10-year fixed rate product, available up to 65% loan to value.

It is priced at 4.49% and has a fee of £199.

It comes with a free standard valuation, while borrowers who are remortgaging benefit from free legal services.

“Mortgage rates are at historic lows and we know borrowers are looking to fix for the longer term,” said Kim Rebecchi, sales and marketing director at Leeds Building Society.

“Our new 10 year fixed rate mortgage has a competitive rate and other attractive features, including a low fee of only £199.

“We expect the opportunity to fix for the longer term to appeal particularly to borrowers who have only 10 years or so left on their current mortgage term and want to fix their monthly repayments and enjoy the peace of mind this gives them for the remainder of the life of their home loan.”