Portman cuts five-year fixed rate

The mortgage will be available from Saturday 18 June 2005 with a pay rate of 4.60%, fixed until 31 July 2010. All other product details remain unchanged.

Product details:

- 4.60% fixed until 31/07/2010

- £499 Acceptance Fee

- No higher lending charge up to 90%

- Up to 95% LTV

- Facility to make part repayments of up to 5% of the loan amount borrowed without incurring an Early Repayment Charge, for each full twelve month period from completion of the loan until 31 July 2010

- Early Repayment Charge - 5% of the balance on which interest is charged until 31/07/2010

- Available from Portman and The Staffordshire branches, intermediaries and by calling the Society's Direct Mortgage Centre