It comes with a free valuation and it also has the added flexibility of a 10 per cent capital repayments allowance each year and free legal services for remortgages.
Karen Wint, head of marketing and PR, said: "We have found that customers and intermediaries really like having the choice of fee-paying or fee-free versions of the same product, as it means people with different circumstances are able to take the most suitable option. Both of these 10-year mortgages represent great value and certainty of payment. I am delighted that we have been able to launch with no fees under the 5 per cent barrier.
"The new version is available through any of our branches, our Call Centre or
through our mortgage intermediaries."
