It has been revealed that a lender has launched a new two-year fixed-rate mortgage which it is hailing as its latest 'best-buy' deal for borrowers.

The new two-year fixed-rate mortgage is available for a maximum 70% LTV and has a rate of 3.69%.

There’s a £799 fee for both house purchase and remortgages and this new fixed-rate mortgage is available through other branches or via the telephone.

Nici Audhlam-Gardiner, Director of Mortgages at the group, said: "We continue to offer our customers compelling deals on both fixed and tracker rates.

"Throughout 2009, we have remained strong in the mortgage market and achieved an estimated 20.5 per cent gross market share in the third quarter.”

The new deal is the latest addition to the company's 'best-buy' mortgage range, which includes a two-year tracker deal with a 2.69% rate and £995 fee for loan-to-value (LTV) rates of 70%.

Last week, it launched a range of ‘no booking fees' deals for existing current account customers, saving up to £995.