Yorkshire Building Society is launching a five-year fixed rate mortgage with a rate of 3.99%.
The product comes with a £995 fee and there is a reduced-fee option with a rate of 4.39% and a fee of £95.
The deal is available up to 75% LTV and includes offset options.
Chris Smith, group direct mortgage manager at the Yorkshire, says: “Choosing a fixed rate mortgage gives borrowers peace of mind about their repayments and helps them to budget each month.
“The new five-year fixed rate deals are highly competitive and complement our existing range of fixed rate mortgage products, which are available for terms between two years and 10 years.”