Coventry Building Society is launching a range of five-year fixed-rate mortgages, including a fix at 6.2 per cent for up to 75 per cent loan to value.
The latter product has an arrangement fee of £295 but no compulsory insurance.
Coventry is also offering a five-year fix at 6.5 per cent for up to 95 per cent LTV. There is a £295 arrangement fee.
Borrowers seeking a cashback can take £400 on a five-year fix of 6.99 per cent for up to 95 per cent LTV. Clients can take £200 cashback and a free remortgage transfer service.
Chief executive Martin Ritchley says: "All these products offer long-term stability with the interest rate fixed, after which the customer will automatically transfer to our privilege rate."
The society's privilege rate is currently 7.95 per cent. Redemption penalty on all three loans is six months' interest until June 30, 2003.