The Leeds Building Society has introduced a two-year base rate tracker mortgage at 3.09%.
The product, which tracks the base rate plus 2.59% until 30 April 2014, is available up to 80% loan to value (LTV).
This new offer allows 10% capital repayments each year without penalty and has no higher lending charge.
It also comes with a free standard valuation up to £335 and free in-house legal services for standard re-mortgages.
Phil Coombes, Leeds Building Society’s head of intermediary sales, said: “Our two-year base rate tracker mortgage offers excellent value immediately and going forward.