The Hinckley & Rugby Building Society has reduced the interest rate on its five-year fixed rate mortgage by 0.20 percentage points to 3.45%.
The mortgage is available for purchases and remortgages and there is a free property assessment where the price of the property is £1 million or less.
The fixed rate period has been extended and will apply until October 31 2018. All other terms are unchanged.
The five-year fix is available at up to 80% LTV. The arrangement fee is £195 and completion fee £695.
As with all Hinckley & Rugby residential mortgages, there are no early repayment charges (ERCs).
Chris White, the Hinckley & Rugby chief executive, said: “We have been making our mortgages even more attractive to borrowers in recent days – including discounts, trackers and more.
“This reduced rate makes our five-year fix a great deal for those looking for long-term certainty about their repayments.”
