The rate is available up to 75% Loan to Value (LTV), while a 10-year fix at 4.79% is offered up to 80% LTV.
Kim Rebecchi, sales & marketing director at Leeds Building Society, said: “With 10-year market rates at historically low levels, we are able to offer these long-term ixed rate mortgages from only 4.58%.
“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.”
