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Portman offers reduced rates on two year fixed mortgages

Portman Building Society has re-priced its two-year fixed rate mortgages with new products available from today.

The new pricings have come as a result of upward movement in swap rates.

The building society will now offer three two year fixed rate mortgages at 4.69 per cent, with an arrangement fee of 999 and a two year fixed rate mortgage of 4.89 per cent with an arrangement fee of 599.

Portman is also offering a product at 4.99 per cent with a fee of 649, which includes a free valuation and 250 cashback or Easy Remortgage up to 75 per cent, free valuation a free legals.

All offers close on August 31, 2006.

Portman Group communications manager Helen Shaw says: “Volatility in swap rates has seen many lenders reconsidering their fixed rate pricing. Portman continues to offer a highly competitive mortgage product range and we expect these fixed rates to prove extremely popular following last weeks base rate rise. Our 2 year discount mortgage remains unchanged and is still an attractive proposition for those not wanting to tie into a fixed rate.

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