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Derbyshire Building Society withdraws mortgages

Derbyshire Building Society has withdrawn several mortgages from its range because it could not cope with the number of applications they generated.

Its three year and five year fixed rate loans have been replaced with mortgages with higher rates and its 4.99 per cent discount product has been pulled without replacement.

The new three year fixed rate is 5.64 per cent, up from 5.49 per cent and the five year rate is 5.74 per cent, up from 5.59 per cent.

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