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Exclusive launches mortgages

Mortgage packaging network Exclusive Connections is launching two mortgages funded by Bristol & West.

The first is a discount mortgage offering a 1.55 per cent discount off the standard variable rate of 7.74 per cent until November 2002 and is available to employed, self-employed and first-time buyers.

There is also a fixed rate mortgage at 6.25 per cent until December 2003 with a marketing allowance of £350.

Both offers are under income multiples of 3.5 single income and 2.75 joint income, with a maximum 95 per cent LTV on purchase and remortgage.

Minimum loan size on purchase is £15,001 and £25,001 on a remortgage.

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