The new offering could mean that some house buyers will be able to borrow more money than with a standard mortgage deal.

The “Flexi Fixed for Term” deal allows buyers to fix their interest rate for the full term of the loan, which can be set anywhere between 11 and 40 years.

The offering is similar to one released earlier this year by Habito, which is still available and also offers a fixed rate for up to 40 years.

Through the Kensington Mortgages deal, rates on a 60% loan-to-value (LTV) mortgage start at 2.83% for a 15-year term and go up to 3.34% for a 40-year fix, The Guardian reports.

The loan is available up to 95% LTV for new purchases or 85% for remortgages. Rates are higher on the larger LTVs.