Tipton & Coseley Building Society has announced the launch of a new five-year, fixed rate mortgage product.
The product is available up to 85% LTV at a fixed rate of 2.49% until 28th February 2023.
Loans are available up to £450,000 with a £999 arrangement fee to borrowers in England and Wales.
Richard Groom, head of mortgage sales at the Tipton (pictured above), said: "Fixed rate mortgages are ideal for borrowers who need the financial security and certainty of knowing exactly how much their monthly repayment will be.
“Not only does this make budgeting easier because customers are able to plan ahead, but also for the term of the fixed rate, they are exempt from any interest rate increases.”
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