Mortgage packager Exclusive Connections has launched a five year discount rate loan.
The discount rate over the five years is 1.25 per cent giving a payable rate of 5.64 per cent.
Loans are available up to 95 per cent loan to value. There is also a £300 cashback.
The redemption penalty for early repayment is nine months' interest in years one and two decreasing to 8 months' in year three, seven months in year four and six months' in the final year.
The procuration fee is £250.