The Leeds Building Society has unveiled a 10-year fixed rate mortgage priced at 3.64%.

The deal is available up to 80% LTV (loan to value) and permits overpayments of up to 10% each year without penalty.

Martin Richardson, Leeds Building Society’s general manager for business development, said: “Mortgage rates are currently at record lows and borrowers who choose a long term fix are giving themselves the security of knowing their monthly repayments for years to come.

“When your mortgage is usually your biggest outgoing each month, fixing your repayments gives you peace of mind and makes it easier to budget for all your other household bills.

“We know 10 year fixed rate mortgages won’t suit everyone but this choice is part of our range of fixed rate deals including two, three and five year terms too, so borrowers can choose the length of time that suits them best.”