Portman unveils wider mortgage range

10 July 2006
Portman Building Society has made several changes to both its fixed and discount mortgage range.

The society currently offers several products, ranging from a two-year discount product at 4.19 per cent with a £999 arrangement fee to a two-year fixed-rate mortgage at 4.69 per cent, which comes with an arrangement fee of £599.

Helen Shaw, group communications manager for Portman, said that despite the Bank of England holding interest rates at 4.5 per cent for the eleventh straight month yesterday, the market was still subject to some instability.

"Money markets are still experiencing a degree of volatility and this is impacting on mortgage pricing," Ms Shaw said. "However, as usual, we have managed to deliver market-leading rates to borrowers.

"In order to better match borrowers' individual needs, we have also introduced new products which minimise interest rates for those borrowers seeking to keep their monthly outgoings to a minimum."

Portman is the third-oldest and third-largest building society in the UK. It was established in 1846 and currently has around 1.8 million members with assets of almost £20 billion.

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