The Mansfield Building Society has introduced a 4.54% three year fixed rate mortgage product, available exclusively via intermediaries.

The maximum LTV is 75%, while an arrangement fee of £999 will be added to the loan.

It is available for house purchases or remortgages up to a maximum loan of £200,000.

A basic valuation up to a maximum of £400 will be refunded upon completion.

Peter Doherty, products manager at The Mansfield, said: “We are noticing an increasing level of interest in fixed term mortgages from borrowers wanting to stabilise their repayments over longer periods of time whilst the Bank of England Bank. Rate is relatively low.