Norwich and Peterborough Building Society (N&P) is launching a 10-year fixed rate mortgage tomorrow (25 January).
It is available at 3.99% up to 75% LTV with a fee of £295.
Borrowers receive a free valuation and free legal fees (for re-mortgages) or a £200 cashback option (for purchase customers).
Richard Barker, product manager for Norwich and Peterborough Building Society, said: “We are delighted to launch this new product and it is one we are confident will be well received in the market. The current swap rates have allowed us to look at our mortgage provision and offer this excellent product.