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Genesis cuts mortgage rates

Genesis Home Loans has reduced the rates for all its Freedom non-conforming mortgage products by 0.5 per cent.

The rate on which all products are based is now at 4.8 per cent which it says is an all time low.

Genesis Group marketing director Graham Warburton says: “This reduction means our non-conforming mortgages are as affordable now as they have ever been. Sales have been buoyant since we launched this product range and we confidently expect this news to increase demand still further.”

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