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Cheshire BS cuts mortgage rates

Mon, 18 Aug 2008

Cheshire Building Society has cut interest rates on a range of its fixed mortgages .

The mortgage lender has announced that it has reduced the rate on the majority of its fixed deals by 0.5 per cent.

According to the firm this means that borrowers will have access to range of competitively priced mortgages .

James Taylor, mortgage product manager at the building society, said: "We have slashed rates across the range to provide real value to our members and new borrowers, to suit a variety of needs."

The mortgage lender is also looking to offer a wider selection of long-term fixed rate mortgages as these are increasingly in demand, he added.

Such deals will last between 15 and 25 years, Mr Taylor stated.

Meanwhile, Newcastle Building Society has announced that it is launching 20 new mortgage products, including 14 fixed-rate deals, with interest rates starting as low as 5.65 per cent.
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