Masthaven bank has issued two fixed rate no-fee remortgage products.

As well as commanding no fees, the products also come with a free valuation.

The first of the new products is a 65 per cent LTV residential first charge two-year fix at 3.59 per cent

The second is a residential first charge five-year fix at the same LTV at 3.99 per cent.

Both products have an ERC of 2 per cent in the first year and 1 per cent in the second, and a maximum loan size of £250,000.

As with other lenders at the moment, Masthaven says it is accepting automated valuation models where possible.

Earlier this month, Masthaven pulled some of its more specialist products and tightened criteria in response to Covid-19.

Masthaven director of intermediaries Rob Barnard says: “Many homeowners are approaching the end of their current mortgage scheme and are beginning to explore their options. Brokers are working to support that process, and Masthaven is supporting homeowners and intermediaries with this new range of fees-free products.”