Portman Building Society is cutting its standard rate for mortgages to 6.85 per cent and launching a range of fixed-rate and discount products.
The discount mortgages offer 1.6 per cent and 1.25 per cent reductions until May 200. They both have maximum loan to value of 90 per cent
The fixes are at 3.99 per cent until May 2001 and 5.49 per cent until May 2004.1 year fixed-interest bond. They offer 90 per cent and 95 per cent loan to value respectively.
All four mortgages have a procuration fee of £150.
The society is also launching one-year fixed-interest bond that will pay 5.15 per cent gross and has a minimum investment of £500.