The products, which are available for purchase and remortgage, include a five-year purchase mortgage at 2.25%, with a maximum LTV of 80% along with an application fee of £150 and a product fee of £499.

During the fixed rate period an Early Repayment Charge (ERC) of 5% within the first year will be charged, then 4% second year, 3% third year and 2% for the final two years

The five-year fixed remortgage at 1.50%, with a maximum LTV of 50% for existing homeowners looking to switch lenders and secure a long-term mortgage rate. It includes one free standard valuation, assisted legal fees and no application and product fee.

During the fixed rate period an ERC of 5% within the first year will be charged, then 4% second year, 3% third year and 2% for the final two years.

Both products will be available throughout England and Wales, with a minimum loan size of £40,000 and maximum loan size of £1,000,000.

Eve Wilkins, head of distribution said: “Fixed rate mortgages continue to be a popular choice providing security for borrowers who want certainty of payment.

“Widening the choice available is a priority for the society; supporting our broker community who tell us that longer term fixed rates are in demand.

“With the continued economic uncertainty, these products offer purchase customers long term stability of payments and those who are looking to remortgage a fantastic long term low rate.

“I am confident these products will be well received and really pleased that we can offer competitive choice via our direct and intermediary channel”