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First Direct launches offset base rate tracker
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Posted on
Aug 21 2008 2:13 AM
by
adeal
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First Direct, part of the HSBC group, has launched a fee-free offset base rate tracker mortgage. Interest remains at 0.99% above base rate for the term of the mortgage (currently 5.99%) and the lender promises an immediate rate change, following a Bank of England announcement. The loan is only available to remortgagers and is linked to a borrower’s savings and current account balances.
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