Portman Building Society has launched new three-year fixed rate at 4.14% until February 2003.
The deal is available up to 95% LTV. There is an early redemption penalty equivalent to 4% of capital repaid.
Borrowers are allowed to repay up to 5% of the loan amount borrowed without penalty for each full 12-month period from completion of the loan, however.
Portman has also launched a 4.79%, five-year capped rate deal. Maximum LTV is 95% with no extended tie-ins. An early redemption penalty – equivalent to 5% of capital repaid – is applied during the capped.
Borrowers will be allowed to repay up to 5% of the loan amount borrowed, during each full 12-month period of the cap.