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Intelligent Finance mortgage fixed-rate cut

Intelligent Finance has announced that it is to reprice its fixed rate mortgage range.

The bank's fixed rate mortgage range will, from the beginning of next week, start from as low as 4.49 per cent for new customers.

Brian Ewing, head of intermediary sales at Intelligent Finance, said: "Largely there has been a steady fall in swap rates in recent months."

"This has delivered cost savings to us which are now being reflected in a repricing of our fixed rate product range."

He added that the new pricing improved the company's standing in the fixed rate Best Buy Tables for both two and five year fixed rate products "significantly".

The bank offers four fixed-rate mortgages but has also amended the special rate periods on all offset and tracker rate mortgages.

The special rate period has now been extended, depending on the product type, to October 1st 2007, October 1st 2008 or October 1st 2010.

2008-06-12