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New market-leading three year fixed rate launched at 4.02%

New market-leading three year fixed rate launched at 4.02%
Christina Hoghton
Written By:
Posted:
11/04/2025
Updated:
11/04/2025

L&C Mortgages has introduced a new three-year fixed rate deal for borrowers looking to remortgage.

The exclusive remortgage rates are available from 4.02%, which the mortgage broker said undercuts two-year deals and many five-year fixes.

L&C added that deals ‘offer a middle ground between two- and five-year rates’, making them ideal for undecided borrowers who are unsure as to whether to lock in over the short or medium term.

The mortgages will only be available through L&C, which is the UK’s largest fee-free mortgage broker.

They also come with the incentives of a free valuation and help with basic legal costs or a £250 cashback.

David Hollingworth, associate director at L&C Mortgages said: “Volatility in global markets has opened the opportunity for lenders to cut fixed rates.  Whilst some positive moves have been made for purchase borrowers these deals provide a sharply priced rate for those coming to the end of a current deal.

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“Three-year rates are often overlooked but offer a good middle ground for those wracked with indecision over how long to fix. That doesn’t have to come at a compromise on rate and this is a chance of a longer period of certainty at a rate that beats shorter- and longer-term deals alike.”