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Colonial offers two base rate tracking mortgages

Colonial has launched two base rate tracker mortgages.


The first version is aimed at remortgages, while the second is designed for new purchases.


Version one offers borrowers a rate set at 0.9 per cent above the Bank of England. But this is discounted by 0.75 per cent for the first 12 months of the loan giving a current payable rate of 5.15 per cent.


Loans are available up to 75 per cent loan to value.


The rate on the second version is set at 1 per cent above the BoE&#39s base rate. Loans are available up to 95 per cent LTV.


It also offers a 0.75 per cent discount for the first year.


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