The lender said it was the first time it had ever offered mortgages of this kind and that it hoped to widen the choice available to consumers.

Borrowers with a 35% deposit have access to a 1.89% product, which comes with an £845 product fee.

At 75% loan-to-value, a 2.29% four-year fix is on offer while for those with deposits of 10% the rate is 3.54%. Both of these products also come with an £845 product fee.

The mutual said it was looking to target customers who wanted more security than is offered by a two-year fixed rate product.

Brendan Gilligan, product manager for Yorkshire Building Society, said the products would appeal to many borrowers.

“As a sustainable building society which puts the needs of its members first, we are always striving to offer our members the best possible selection of mortgages we can,” he said.

“We think four-year fixed rates will appeal to customers looking for something in between a two and five-year fixed rate mortgage, yet few providers offer this option to customers, which is why we’ve decided to launch our own range.

“These highly-competitively priced mortgages are available at three different loan-to-value brackets, so we hope they will appeal to a wide range of mortgage customers.”