Portman Building Society cuts mortgage rate

09 July 2005
The Portman Building Society has cut the mortgage rates on its two-year fixed-rate mortgage from 4.39 per cent to 4.34 per cent.

Its early repayment charge will also fall by one per cent from four to three per cent.

Helen Shaw, group communication manager at the society, said: "Interest rates have remained on hold once again this month, and fixed rate mortgages are looking increasingly attractive to borrowers looking to tie their mortgage in to a low rate."

She added: "This change underlines our commitment to providing a range of highly competitive mortgage rates accompanied by a transparent lending criteria."

The rest of the society's products will remain the same and all are available through its branches and direct mortgage centre.

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