CIS has set a new rate of 4.89 per cent fixed until September 2004 for its CAT standard mortgage.
The mortgage is available for loans up to 95 per cent. There is no arrangement fee, indemnity guarantee or compulsory insurance. The basic valuation fee is refunded on completion. Interest is calculated daily and the mortgage is portable.
CIS general manager (marketing) Martin Clarke says: “CIS's new mortgage product offers all the benefits of a traditional fixed rate mortgage but with fewer pitfalls and confirms our commitment to offering a range of modern products to suit modern needs.”