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Exclusive launches new base rate tracker mortgage

Mortgage packager Exclusive Connections is rolling out a base rate tracker mortgage funded by Bristol & West.

The product currently has a rate of 4.49 per cent, will be fixed at base rate plus 0.49 per cent until April 30, 2005 and then base plus 1 per cent for the remaining term.

Applicants can borrow a minimum of £15,001 and £25,001 for remortgaging with a maximum 95 pre cent Loan to Value.

Exclusive Connections managing director Patrick Day says: “This product has an excellent initial low rate, whilst also offering no extended redemption penalties.”

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