Midweek Money: Derbyshire's new fixed rate

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The Independent Culture
DERBYSHIRE BUILDING Society is launching a new three-year fixed mortgage, pegged at 6.09 per cent, with no early repayment charges beyond the fixed period.

Available on a loan-to-value of up to 95 per cent, it has a pounds 295 admin fee, with pounds 50 payable up front and the rest on completion. Buildings insurance must be kept up over the fixed period.

Derbyshire also offers a capped rate, with mortgages pegged at or below 6.99 per cent until 31 May 2003. The deal includes no early repayment charges after the capped period.

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