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Portman extends mortgage range

Portman Building Society is refreshing its mortgage range, with the

new portfolio dominated by two two-year fixed-rate deals.

The rates include a 3.59 per cent deal, fixed until June 2005,

available at up to 95 per cent loan to value.

The loan has no mortgage indemnity guarantee charge up to 90 per cent

LTV. There is a fee of £300. It offers the facility to repay up

to 10 per cent of the original loan amount in each 12-month period

without incurring any repayment fees.

There is a two-year fix at 3.99 per cent, also available at up to 95

per cent LTV. Again, there is no Mig up to 90 per cent LTV. There is

no fee, free valuation and £250 cashback. The mortgage also

offers the same 10 per cent repayment facility as the 3.59 per cent

loan.

The society&#39s new range also includes three-year and five-year fixed

rates as well as a two-year discount loan and a flex-ible tracker.

Press officer Lynsey Hallam says: “The portfolio strengthens our

commitment to offering borrowers a good choice of competitive

products.”

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