Leeds Building Society has launched a new 10-year fixed rate mortgage available up to 75% loan-to-value at 4.58%.

There is also an option available up to 80% loan-to-value for those borrowers with a smaller deposit at 4.79%.

“With 10-year market rates at historically low levels, we are able to offer these long-term market leading fixed rate mortgages from only 4.58%,” said Kim Rebecchi, sales and marketing director at Leeds Building Society.

“The products are available for both purchases and remortgages and clients can lock-in value for a decade which, in the current economic environment, delivers security and peace of mind at a very low rate.

“Furthermore, there is no higher lending charge and clients can pay off 10% of capital each year, without penalty. The mortgages are also fully portable should a borrower wish to move home during the term, providing even greater flexibility.

“I believe these mortgages offer excellent value and will prove extremely popular with clients who are seeking security and value over a longer term.”