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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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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


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