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Housing Mortgage Corporation cuts rates

The Household Mortgage Corporation is lowering the interest rate on its standard and self-certified fixed-rate mortgage schemes for a limited period.


The standard scheme with loans up to 95 per cent of the purchase price will be 6.75 per cent and the new rate for the self-certified scheme will be 7.25 per cent.


Both rates will be fixed until January 2004.


Managing director David Priest says: &#34We consider ourselves to be one of the most flexible lenders offering, service, speed and reliability to our clients. These rates are a reflection of our continuing commitment to our customers.&#34

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