Coventry Building Society has launched a five year fixed rate mortgage.
The loan is fixed until October 31, 2004 at 5.99 per cent up to 95 per cent loan to value.
There is a £295 arrangement fee.
There are no tie ins past the end of the fixed term, but if the loan is redeemed before the expiry date they will be subject to six months' interest.
Procuration fees are negotiable with the lender.