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Lambeth offers new four year mortgage

Lambeth Building Society has announced a new four-year capped rate mortgage backed up with improvements to its five-year product.


The four-year product, capped until 1 November 2002 has an initial payable rate of 6.5 per cent with an income multiple of 3.5.


The initial rate on the five-year product is now 6.25 per cent with the same multiple.


The redemption period matches the fixed rate period for both products.

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