First direct has unveiled a five-year fixed rate mortgage at 2.69%.

It is available at 65% LTV.

The five-year deal comes with a £1,999 booking fee.

Andy Forbes, head of retail products at first direct, said: “Over the last month we have seen borrower appetites increase for longer term fixed rate mortgage deals.

“In response to this demand we have reviewed our offers to ensure that we continue to give our customers access to the most competitive rates available.”