Leeds & Holbeck Building Society is launching a new 10-year fixed rate mortgage offering a rate of 4.99 per cent from March 17.
The lender is offering the rate until August 1 2015, and the mortgage will be available up to 95 per cent LTV.
The mortgage is full portable if the borrower moves during the fixed rate period, and it contains free mortgage payment protection for six months.
Leeds & Holbeck head of marketing and PR Karen Wint says: A market leading fixed rate will appeal to people who want certainty about their mortgage payments.
This ten-year product offers security and peace of mind for a large part of the typical mortgage life and combined with the ability to repay 10 per cent of capital each year without penalty, offers excellent flexibility to reduce the balance further.