Personal Touch Financial Services has announced an exclusive new mortgage deal in partnership with the Skipton Building Society available through Personal Touch's adviser member firms.

Personal Touch is one of the UK’s largest mortgage distributors and it is unveiling a two-year fixed rate loan at 2.79 per cent for borrowers with a loan-to-value (LTV) ratio of 80 per cent. The product comes with a £995 completion fee and offers free valuation and legal fees for re-mortgage customers.

Jonathan White, commercial director at Personal Touch, said: "We are delighted to have been able to work with Skipton to develop such a competitive mortgage product on behalf of our members.

With some promising signs of recovery showing not only in the mortgage market but also in house prices, we are confident this deal will be really welcomed by our member firms and particularly their clients.

"It offers clients who currently sit on a standard variable rate, but are looking for more certainty as to their monthly mortgage payments, an opportunity to consider fixing their payments on what is a very competitive rate. And it's a great time for our members to be talking to their clients to offer a review."

Paul Darwin, head of intermediary lending at Skipton Building Society, added: "We hope this product, which combines payment certainty with a great rate, will cater for those who are ready to fix in to a deal amid mounting speculation over potential future interest rate trends."