The Leeds Building Society has set its lowest-ever rates on a new range of 10-year fixed rate mortgages for both the residential and buy-to-let markets.

A new 10-year fixed rate mortgage for residential applications is being launched with a rate of 2.08%, available up to 65% loan to value (LTV).

Meanwhile, two new 10-year fixed rate products for buy-to-let applications will also be available at rates of 2.44% and 3.19%, up to 60% LTV and 70% LTV, respectively.

The new products come with a free standard valuation .

Matt Bartle, Leeds Building Society’s director of products, said: “In these uncertain times, our new 10 year fixed rate products will provide reassurance for those looking for a bit of longer-term security.

“As a well-established building society with a robust and varied range of products, we’re very well placed to offer historic low rates on these residential and buy-to-let mortgages.

“While we recognise that not all borrowers will be looking to fix for such a long time, those who are can benefit from the payment security and consistency offered by a 10-year deal.

“These new products and low rates are examples of Leeds Building Society offering greater choice to borrowers to help them find products that suit their individual needs.”

All three new products will be available from Friday 13 March 2020.