Chelsea – part of the Yorkshire Building Society – yesterday launched a three-year, fixed-rate home loan at 1.99 per cent.
The lender already offers a lower, two-year fixed rate at 1.74 per cent.
Two things. First you'll need a 40 per cent deposit to get these deals. Second, the arrangement fee is a whopping £1,545.
If you have a decent bit of equity in your property it could be worth looking at the market to see if you can save money by switching to one of these low-rate deals. But there's no rush. Experts don't expect rates to climb any time soon, so there should be plenty of decent deals to come this year.