Mortgages fixed for four years

Friday 23 April 1993 23:02

LEGAL & General Mortgage Services is offering two rates on its four-year mortgage fixed until the end of March 1997 - a 7.49 per cent rate on 75 per cent loans and a 7.75 per cent rate on loans up to 90 per cent. There is a pounds 250 arrangement fee and compulsory buildings and contents insurance.

Nationwide has extended its two-year stepped mortgage from first-time buyers to all prospective borrowers. The first year rate is 5.75 per cent, the second year rate is 6.75 per cent and in the third year the rate becomes the society's prevailing variable rate.

The Prudential has a 10-year fixed rate of 8.79 per cent. The arrangement fee is pounds 250, which is waived for first-time buyers. The Bank of Ireland is offering a 5.75 per cent capped rate until June 1994, available on 93 per cent purchases and 85 per cent remortgages.

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