Leeds Building Society is cutting the rate of one of its longer term fixed rate mortgages on Friday 5 September.

The mutual will cut the rate of its 10-year fixed rate mortgage up to 65% LTV to 4.19%.

This deal comes with a low fee of £199 and additional benefits including a free standard valuation up to £335 and fees assisted in-house legal services for remortgages.

Martin Richardson, Leeds Building Society’s general manager for business development, said: “Fixing your mortgage for the longer term has become more attractive in the current uncertain interest rate environment and both these deals offer competitive rates.

“Borrowers who choose a longer-term fix have the security of knowing exactly what they will be paying on their mortgage each month for some time into the future. As this is generally their largest regular outgoing, it helps them in planning the rest of their household budget.

“We expect the 4.19% 10 year deal to appeal particularly to homeowners with sufficient equity who are looking to remortgage.

“In addition to a competitive rate, it comes with a low fee and benefits including a free standard valuation up to £335 and fees assisted in-house legal services for remortgages, to minimise the cost to the borrower of making the switch from their current mortgage.”