Capped tracker mortgage from first direct

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Capped tracker mortgage from first direct

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07-04-2009, 04:48 AM

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Capped tracker mortgage from first direct

HSBC-owned first direct has launched a new offset tracker mortgage with an interest rate at 2.48% above the Bank of England’s base rate. With the Bank of England’s base rate at 0.5%, this gives first direct’s mortgage a headline rate of 2.98%, or 3.2% APR. Unlike any other tracker mortgage currently available, first direct’s product is capped [...]

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