Variable rate changes
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Your support makes all the difference.ANOTHER batch of mortgage lenders have announced new variable rates following the base rate rise. The Mortgage Business put its rate up to 7.99 per cent; Royal Bank of Scotland to 8.09 per cent; NatWest, Midland and Lloyds banks, and Bradford & Bingley, Chelsea and Woolwich building societies move to 8.1 per cent; and Bristol & West, Nottingham, and Yorkshire building societies, to 8.14 per cent.
TMB and Citibank have fixed rates of 6.99 per cent until January 1997. Citibank's includes conveyancing and a refund of valuation fee on mortgages up to 95 per cent.
----------------------------------------------------------------- SIX OF THE BEST ----------------------------------------------------------------- Savings Type Account Term 0% 25% 40% Min GIB General Portfolio 5 years 7.70 7.70 6.55 pounds 50,000 B Soc Northern Rock Instant 6.50 4.88 3.90 pounds 20,000 Tessa Market Harborough 5 years 7.60 7.60 7.60 pounds 9,000 ----------------------------------------------------------------- Source: Chase De Vere 071-4 04 5766 -----------------------------------------------------------------
Mortgages Type Source Deal Variable Alliance & Leicester 6.5% up to 90% loans* Fixed Britannia 8.15% 1.9.99 on 60% loans fee pounds 275 Capped Bristol & West 5.75% for 2 yrs on 90% loans fee pounds 275 ------------------------------------------------------------------------ *1.6% discount for 3 years Source: John Charcol 071-611 7000 -----------------------------------------------------------------
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