The Leeds Building Society has launched a short-term two year fixed rate mortgage at 1.45%.
It is the lowest fixed rate in the mutual’s 140 year history.
The mortgage is available up to 60% LTV and comes with a free standard valuation up to £560.
However, the deal is only available until Friday 16 October and is for house purchase only applications.
It comes with a £999 fee and 10% penalty-free capital repayments are allowed each year.
“This is an outstanding offer that allows customers to guarantee low payments for two years, and benefit from the peace of mind this delivers,” said Martin Richardson, Leeds Building Society’s director of business development.
“We are confident that certainty at an affordable rate will be very popular. There is a strictly limited tranche, and will be withdrawn no later than Friday 16th October 2015.”