The new product is available for house purchase or remortgage and there is a free valuation plus the option to pay off up to 5% per annum without penalty.
Commenting on the new 10 year fixed product, Martin Ritchley, chief executive, said: "With interest rates at their lowest level in living memory, we recognise that the prospect of a long-term fixed rate account will suit those customers who are looking for stability and protection against rate rises in the future. Even borrowers who may plan to move house in the next 10 years can benefit from long term certainty, as the product is fully portable.”
