Fixed Rate Mortgages

An Abbey spokesperson said: "From today (Friday 26 September), Abbey is introducing new three and five-year fixed rate mortgages at 85 per cent LTV at 6.34 per cent with £995 fee. It is withdrawing its range of two-year deals at this LTV.

Coventry, the fourth largest building society, is adding new fixed products to its existing range of mortgages.

Cheltenham & Gloucester, part of the Lloyds TSB Group, has announced plans to reduce rates on its two year fixed rate products.

The Co-operative Bank is reducing the rates on its three and five year fixed rate mortgage products, with effect from Monday 15 September.

Yorkshire Building Society has this week cut up to 0.50% off many of its fixed rate mortgages and at the same time halved the arrangement fee for these products from a standard £995 to only £495.

From today HSBC will be passing on the benefits of lower funding costs to customers by lowering the rates on all its fixed rate mortgages.

Yorkshire Building Society has launched a new 2 year fixed rate mortgage at 5.29%, together with three and five year deals at 5.49%. This latest drop in rates from the Yorkshire means that its 2 year fixed rate has come down by 90bp from 6.19% on the 24th July.

Lloyds TSB and Cheltenham & Gloucester today announced further reductions to certain fixed rate mortgages.

Leeds Building Society has launched a new suite of mortgages that includes the only 2-year fixed rate mortgage on the market without any lock-ins.

Brokers are seeing increased demand for five-year fixed rates as borrowers batten down in expectation of a period of economic uncertainty.

Homeowners are three times more likely to opt for a three-year fixed rate mortgage now compared with six months ago according to new research by Abbey Mortgages.

Britannia Building Society has cut the rate of its two year fixed rate mortgages by a further 20 basis points.

Leeds Building Society is offering customers the double bonus of a reduced headline rate and completion fee on its 5-year fixed rate mortgage.

Leeds Building Society is cutting the rates on its 2 year fixed rate mortgages in its new range, on both fee-paying and fee-free options.

Britannia has trimmed up to 30 basis points from its two and five year fixed rate mortgages.