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Portman reduces rates on two mortgages

01 August 2005
Portman Building Society has cut the interest rates on a three- and five-year fixed rate mortgage.

Two of the company's biggest products, the three-year mortgage rate was slashed to 4.39 per cent from 4.69 per cent and the five-year offer lowered to 4.45 per cent from 4.50 per cent.

Both offers boast 95 per cent LTV, no higher lending charge up to 90 per cent, and will be available until the end of September.

Helen Shaw, Portman's group communications manager, believes the offers keep the company ahead of the competition.

She said: "We continue to be a best buy in three- and five-year fixed rates. We are confident these new rates offer some of the best deals on the market."

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