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Portman Building Society launches capped Successor


Portman Building Society has introduced a capped rate to its Successor Mortgage.


The loan offers a 1.4 per cent discount on the society&#39s current standard variable rate of 6.85 per cent with the added security of a 5.99 per cent cap until July 2001.


Successor provides borrowers with flexibility to make over payments or transfer their mortgage to another property without fear of incurring any redemption charge.


It is available on loans up to 90 per cent loan to value.


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