Hinckley & Rugby Building Society has launched a five-year fixed rate mortgage at 3.95%, which is available up to 80% LTV.
The product has an arrangement fee of £195 and a completion fee of £695.
Chris White, chief executive of Hinckley & Rugby said: “This is a best buy mortgage, particularly attractive to buyers with a 20% deposit who want to fix their repayments into the year 2017.
“This mortgage offers certainty about repayments and at a great rate. We expect it to be very popular.”
Earlier this week, Accord Mortgages announced its launch into the 90% LTV lending arena, while Nationwide extended its 90% LTV range to include two-year fixed rates.
