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Last days for the B&W fixed-rate offer

Friday 08 April 1994 23:02 BST
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BRISTOL & West's central lending arm still has its four- year fix at 6.7 per cent for loans up to 70 per cent of property value, and five-year fixes at 7.3 per cent for loans up to 80 per cent. The fee is pounds 275.

During the fixed period the redemption penalty is three months' interest, but unusually there is a one-month penalty after that for the entire life of the loan. But these loans, which are not available through branches, will be withdrawn on Wednesday and replaced with higher rates - 7.4 per cent for four years and 7.99 per cent for five.

Northern Rock has a two- year loan at 4.99 per cent with a pounds 200 fee. Insurances with the society are compulsory.

Barclays has launched a range of fixed-rate loans including one - a three-year fixed rate of 7.59 per cent - with a variable-interest early redemption penalty.

It is offering first-time buyers a five-year fixed rate of 7.99 per cent, and existing homeowners a 10-year fixed rate at 8.99 per cent, and a five-year fix at 8.49 per cent.

Nationwide has a new range of one-year discounts on its cashback deals. Yorkshire Building Society's new cashback offers pounds 750 on loans capped at the present standard variable rate of 7.74 per cent.

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