Chelsea Building Society has launched a five-year discount rate mortgage.
The discount is 1.1 per cent bringing the current payable rate down to 5.74 per cent for up to 90 per cent loan to value.
The loan also includes £200 towards legal fees.
There is a early redmeption fee of 3 per cent of the outstanding balance payable in the first five years.
Procuration fees are negotiable with the lender.
The society has also extended its range of fixed rate by five months to September 1 from April, 1.