The product has a rate of 1.99% and a reduced product fee of £495. The building society will also accept search indemnity insurance for this product, enabling the completion process to be as streamlined as possible.

Gerard O’Keeffe (pictured), CEO at Buckinghamshire Building Society, said: ‘With interest rates set to increase imminently, this is a well-timed opportunity for people to remortgage safe in the knowledge that their rate will be fixed for the next five years.

“This product demonstrates our continued commitment to helping people recover from the financial impact of the pandemic, by providing certainty and ultimately peace of mind.

“We anticipate this being a highly popular product and this, along with our fully flexible approach to lending and recently enhanced Broker Online system will ensure we can continue to go above and beyond to meet the needs of our customers and Brokers.”