But Nottingham Building Society is still offering loans fixed at 8.9 per cent, its lowest fixed deal yet, representing a saving of 1.8 per cent on the society's basic mortgage rate of 10.7 per cent.
The fixed-rate period ends in August 1993, so borrowers need to move quickly to make the most of the society's offer. The mortgage can be transferred to a new property if the borrower should decide to move house within a year.
The arrangement fee is pounds 75 and borrowers must take out the Nottingham's buildings and contents insurance.
Cheltenham & Gloucester is still marketing its 9.6 per cent fixed-rate deal, which runs for a full two years from when the loan is taken out.Reuse content