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Abbey launch semi exclusive tracker rate

Abbey launch semi exclusive tracker rate
Abbey have announced the launch of a Semi Exclusive mortgage deal available through intermediaries such as The Mortgage Warehouse.

The rate is a 5.84% tracker rate which will track at 0.84% above the Bank of England base rate for two years, after which the mortgage reverts to standard variable rate which is currently 7.09%.

The mortgage is available for loans up to £500,000 where the loan does not exceed a loan to value of 60% and the property value is no more than £2.5 million. In addition the mortgage has no higher lending charge or completion deadline and no early repayment penalty charges beyond 2nd July 2010.

"This is a great deal for those in the market to buy and underlines the support provided by Abbey to intermediaries in the market suffering from dual pricing by other lenders," commented Jerry Figueroa-Lee, Operations Director at The Mortgage Warehouse.


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UK Financial Solutions does not provide any financial advice relating to mortgages, loans or any other products, and the information on this website should not be considered financial advice. UK Financial Solutions is a free service acting as an introducer to David Whitehouse Associates Ltd who are an Appointed Representative of Lifetime Insurance Mortgage Experts Limited which is Authorised and Regulated by the Financial Services Authority. The UK Financial Solutions website is free to use but we may receive commission from David Whitehouse Associates Ltd for introduced business. Users of the mortgage service will receive free advice and the advisor may be paid a commission by the lender. Fee based advice is available as an option.
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