New Fixed Rate Mortgage Scheme

The Society has today launched a new 2 year fixed rate mortgage at 4.69%. The product also has a £599 fee of which £100 must be paid with the application. Commenting on the release of the new product Phil Gray, Chief Executive, stated ‘The Society enjoyed excellent growth during 2008 but has limited its mortgage lending so far this year due to the uncertainties in the economy. We do however feel that the time is now right to begin lending again in our local area and we hope that the combination of the low fixed rate and low application fee will help local buyers achieve their home buying dreams’.

At the same time, the Society has also announced that all of its mortgage products are now available with an Offset facility enabling borrowers with savings to make better use of their money.