The society has reduced the rates on its two, three and five-year fixed rate mortgages and two year fixed remortgage and buy-to-let mortgage. In addition, its 10 year fixed rate mortgage has also been reduced by 0.30%.
James Taylor, mortgage product manager at Cheshire Building Society, commented: "We have slashed rates across the range to provide real value to our members and new borrowers, to suit a variety of needs. At the moment, it is cheaper to fund fixed rate mortgages over the long-term, so we are looking at a return to long-term fixed rate mortgages, from 15 to 25 years, as we believe they will offer great value and be in greater demand than previously."
