Yorkshire Building Society has cut its five-year fixed rate mortgage to 3.99%, with a £995 fee.
Borrowers who want to reduce their upfront costs can opt for a rate of 4.39% and a £95 fee.
The direct-only five-year fixed rate deals are available up to 75% LTV and include offset options for borrowers who want to keep their savings but bring down the cost of their mortgage.
Yorkshire’s group direct mortgage manager, Chris Smith, said: “Choosing a fixed rate mortgage gives borrowers peace of mind about their repayments and helps them to budget each month.
“The new five-year fixed rate deals are highly competitive and complement our existing range of fixed rate mortgage products, which are available for terms between two years and 10 years.”
