Yorkshire Building Society has launched a 15-year fix.
Yorkshire Building Society’s 15-year fixed rate has a rate of 2.79% and is available at 65% LTV.
The product includes a free valuation and a £495 product fee, all of which can be added to the mortgage advance.
Rachel Springall, finance expert at Moneyfacts, said: “Entering the niche 15-year fixed mortgage market this week is a range of deals from Yorkshire Building Society.
“Its deal priced at 2.79%, available to borrowers with a 35% deposit or equity, has a reasonable fee and incentive package of a free valuation, which may entice borrowers looking for a competitive package with a well-known brand.
“As the deal is fixed for a 15-year term, applicants must wary of exiting the deal during this period, as an early repayment charge will apply for the duration.”