In these troubling times, as we look to the future, many of us have concerns over whether we will be able to afford our mortgages. A new mortgage product has been launched which aims to alleviate these fears by allowing you to take a fixed deal for 20 years.

The rate you are fixed at is 4.99%, which in the current climate is a competitive rate, and it comes with the added feature of being able to reassess every 5 years and if required leave with no early repayment fee. The arrangement fee is a reasonable £999 with a maximum loan to value of 75%.

This may prove popular as a refinance mortgages with many people currently sitting on their lenders standard variable rate which, although cheap now, comes with no guarantee that it won't rise in the near future.