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Birmingham Midshires launches new mortgage range


Birmingham Midshires Mortgage Services has relaunched its range of mortgages aimed at intermediaries.


The range includes a two-year mortgage fixed at 5.09 per cent until July 2002 at 95 per cent loan to value. There is also a five-year mortgage fixed until July 2004 at 5.89 per cent to 95 per cent LTV.


The former rate carries a redemption fee of six month interest until July 2002, while the latter carries the same penalty without any further tie in beyond the fixed term.


There is also a mortgage capped at 5.19 per cent until July 2002 up to 95 per cent LTV.


Procuration fees are negotiable with the lender.

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