Cheshire Building Society offering 25 per cent fixed rate mortgage

09/05/2007

The latest mortgage news indicates that Cheshire Building Society is offering 25 per cent fixed rate mortgage.

Moneyfacts concluded that the 20–25 year deal offers a 5.97% rate, looking at this overall when comparing it leaves a figure of 6.4% APR making this a great deal.

Cheshire is known to give great deals, offering a range of fixed choices including long-term deals up to 20-25 years, including a non-early repayment charge when tied in a deal.

Marketing Director, Anne Somers at Cheshire Building Society commented, "Traditionally, many borrowers have been put off long-term products as they are concerned that their situation will change or that rates will be lowered once they are locked into a deal.

"Many borrowers look at these products as six year fixed rate mortgages with an option to continue at the same rate if they wish until the end of the long-term fixed rate period or repay it without incurring any early repayment charge," She added.

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