Two-year fix from Bristol & West Mortgages

The first mortgage has a rate fixed at 3.95%, with no extended tie in. There is a £399 arrangement fee and the early redemption charge is 5% to 31/12/04. The second product is fixed at 4.29% with no arrangement fee, no valuation fee and no extended tie-in.

Commenting on the mortgages, Neena Kithoray, senior product manager for Bristol & West Mortgages said: "With Christmas only four weeks away we want to ensure that we provide our customers with opportunities to improve their financial situation by reducing their mortgage payments. With increasing speculation that the base rate is soon to rise now is an excellent time for homeowners to take advantage of the low fixed rate mortgages on the market, not only saving them money but also ensuring that they are protected if interest rates were to rise."