Portman increases rates

Summary of two-year fixed product details:

- Two-year fixed rate mortgage – 4.69 per cent (arrangement fee £999)

- Two-year fixed rate mortgage – 4.89 per cent (arrangement fee £599)

- Two-year fixed rate mortgage – 4.99 per cent* (arrangement fee £649) * Includes free valuation and £250 cashback or easy remortgage (up to 75 per cent) with free valuation and free legals (valuation free up to £500,000).

End dates on all mortgage products extended to 31/08/06

Helen Shaw, group communications manager at Portman, said: “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 week’s base rate rise. Our two-year discount mortgage remains unchanged and is still an attractive proposition for those not wanting to tie into a fixed rate.”