Bristol & West launches five year fix

With a headline rate of 4.89 per cent, this is the lowest 5 year fixed rate mortgage in the market. Even better, it reverts to Bank of England base rate plus just 1 per cent, has no extended redemption charges and is available up to 95 per cent LTV.

There are also no restrictions on who can take out this mortgage, as it is available across the board to First Time Buyers, movers and people remortgaging.

Neena Kitheroy, Bristol & West Mortgages’ Senior Product Manager said: “The cost of funds on the money market is falling. This means we are paying less for funds and in this time of escalating house prices, we feel it is only fair to pass on these cost savings to customers.”