The deal has a rate of 3.85% until 31 March 2017 up to 75% LTV for house purchasers and remortgagers.
It has an arrangement fee of £500 and comes with a free valuation and free legal service for remortgage clients.
Robert McCoy, senior product and communications manager, at PMS, said: “Long-term fixed rates, such as this, have never been so low. With such a large number of clients looking for the security of a fixed rate, I’m sure this will be popular with our members. This product complements the current three-year fixed rate product the members have access to already.”
Steven Bullock, Furness direct manager, said: “We look forward to providing Sesame and PMS members with a product that will help give their clients the opportunity to lock into a five-year rate, offering them peace of mind until 2017.”
