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Birmingham Midshires to offer base rate tracker mortgage

Birmingham Midshires Building Society is launching a mortgage which tracks the Bank of England base rate.


The Base Rate Tracker which will be available exclusively through Midshires intermediary arm guarantees to offer 0.75 per cent above the Bank of England&#39s base rate for the lifetime of the loan.


The current rate payable is 6.25 per cent and the society says this will change on the first of the month following any changes announced by the Bank of England.

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