Portman reduces mortgage rates

03-Oct-2006

By taking the decision to reduce the interest payable on its two-year fixed-rate product to 4.75 per cent and by introducing a five-year fixed-rate product at 4.99 percent, Portman has acted to reduce the uncertainty in the market, important for first time buyers.

"We have made some great changes to our fixed-rate mortgage portfolio, reducing both the interest rates and arrangement fees across the range," said Matthew Wyles, development director for the Portman Group.

"The launch of a five-year fixed-rate below five per cent is an extremely attractive mortgage deal for borrowers looking to budget over the longer term," he added.

Although arrangement fees for Portman's two and five-year fixed-rate products are currently set at £499, the building society has abolished the charge for its three-year fixed-rate mortgage product.

In addition to mortgages, Portman Building Society offers a range of products, including insurance and savings accounts.

2008: Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar