A three-year fixed rate mortgage has been launched by Leeds & Holbeck Building Society at 4.84 per cent.
The mortgage is available at 95 per cent loan to value rate and for LTVs of 90 per cent does not have either a higher lending charge or a lock-in during or after the end of the fixed rate period for a loan.
There is a fee of £495 for people taking out this mortgage, but it can be added to the value of the loan on completion.
Karen Wint, head of marketing at Leeds & Holbeck Building Society, noted: "This product looks like it will be the lowest three year rate on the market and it complements the best buy five-year fixed rate mortgage at 4.95 per cent we launched last week."
A fee-free three-year fixed rate mortgage is offered by Leeds & Holbeck at a rate of 5.29 per cent (at 95 per cent LTV).
This product also offers free use of the society's legal service for customers who are remortgaging.To read more about fixed rate mortgages, click here.
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