Harpenden Building Society has unveiled a 2-year fixed residential mortgage.
The residential owner occupied fixed rate mortgage is available for purchase, remortgage and release of equity.
The product comes with an £1,999 arrangement fee, along with an admin fee of £100 which is refunded upon completion.
The product is available up to 75% LTV.
Ken Hale, head of lending at Harpenden Building Society, said: ‘Our new fixed rate offering is a major step forward for us in diversifying our product range and will provide additional security for our customers during this time of economic instability.
“Our new, 2-year fixed rate mortgage allows our customers to plan with confidence but without being locked into an unnecessarily long, restrictive deal such as a 5-year term.
“Additional flexibility is retained within the 2 year fixed rate product with overpayment options included so customers can pay off the loan quicker.”