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Kent Reliance cuts mortgage rate but maintains savings rate

Kent Reliance Building Society has eased consumer interest rate fears by dropping their mortgage base rate by 0.6 per cent to 7.9 per cent.


Investors will not suffer from an immediate cut because investment rates will be held until January 1 1999.


Kent&#39s managing director Ian Robertson says: &#34We are passing to the consumer the benefits of our excellent financial year to September 30 1998 by substantially reducing mortgage rates whilst not reducing rates to investors for the time being.&#34

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