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Base-rate trackers from Mortgage Next

Broker network Mortgage Next has added a new range of base-rate tracker loans funded by Halifax to its selection of products.

The range has mortgages for first-time buyers, other homebuyers and borrowers remortgaging, all tracked until November 30, 2005.

First-time buyers qualify for £250 cashback and a refund of up to £435 when using a Halifax valuation report while remortgage customers get a free property assessment and have their legal fees paid.

There is no arrangement fee for any of the mortgages in the range, with repayment fees of 3 per cent to October 31, 2003, 2 per cent until October 31, 2004 and 1 per cent to October 31, 2005.

The LTV is 97 per cent, except for remortgages where it drops to 95 per cent.

Marketing director Justine Tomlinson say: “This move by Halifax to offer competitive rates through Mortgage Next shows their com- mitment to the intermediary market and enables mem-bers to really add value to their customers.”

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