Cheshire Building Society has slashed the rates on the majority of its fixed rate mortgages by 0.50 per cent.
The Society has reduced the rates on its two, three and five-year fixed rate mortgages and two year fixed re-mortgage and buy to let mortgage.
In addition, its 10 year fixed rate mortgage has also been reduced by 0.30 per cent.
James Taylor, mortgage product manager at Cheshire Building Society, commented: "We have slashed rates across the range to provide real value to our members and new borrowers, to suit a variety of needs. As a building society, we are committed to providing our members with great deals and will continue to develop ways in which we can assist them, particularly given the challenging financial market.
"At the moment, it is cheaper to fund fixed rate mortgages over the long-term, so we are looking at a return to long-term fixed rate mortgages, from 15 to 25 years, as we believe they will offer great value and be in greater demand than previously."
Date: 19th, August, 2008
Author: Ben Wilkie
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