Manchester Building Society has launched new products and also made improvement to its mortgage range.

A new three-year fixed rate for purchase only has been launched at 4.39%, up to 85% LTV with an arrangement fee of £995.

The mutual has also unveiled a 4.64%, three-year fixed remortgage version, up to 85% and with a £995 fee. The remortgage version provides a refund of the valuation fee and a free standard legal service. Capital raising is permitted for the purpose of home improvements.

The one-year buy-to-let discount range product has had its arrangement fee cut to £495, with a maximum 70% LTV available and rates starting at 3.74% variable.

Four new buy-to-let products have also been added. A three-year and a five-year fixed rate for purchase only, both fixed at 4.99%. The three-year fix comes with a £995 arrangement fee and is available up to 65% while the and the five-year fix has a 2.5% fee and is available up to 70% LTV.

The remortgage options for three and five years are both fixed at 5.24%, with the same arrangement fee structure. The five-year fixed rate remortgage product also includes an incentive package.