The Royal Bank of Scotland is launching a range of mortgages aimed at borrowers who want to remortgage without moving house.
The bank says that last year 25 per cent of borrowers taking secured loans switched to another lender without moving house.
It is predicting that with interest rates at their lowest levels for 30 years and likely to drop further that this figure is likely to increase.
The RBS Flexible mortgage is fixed at 4 years at 5.84 per cent. It offers 90 per cent loan to value, interest is calculated daily and the bank pays all valuation fees and legal costs.
The 3 per cent Cashback Mortgage offers a standard variable rate of 6.95 per cent on loans up to 90 per cent loan to value.
Both mortgages pay IFAs a procuration fee of £120 on completion.