The lender, which is part of the wider Yokshire Building Society Group, will offer the products direct to consumers through its branches and telephone operation.

It will offer the mortgage fixed at 3.84% on properties across England and Wales.

As well as being fee-free the lender includes a free valuation, free legal fees for remortgagors and £200 cash back for purchasers.

This is the lowest price 10-year fixed rate product on the market at present.

Yorkshire Building Society currently offers a 10-year fix at 3.99% while Woolwich, mortgages from Barclays also has a product below 4% as part of its range.