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RBS discount deal at 3.45%

The Royal Bank of Scotland is offering products designed exclusively for intermediaries, including a discounted loan.

The limited edition discount mortgage slashes RBS&#39s current standard variable rate by 2.5 per cent to 3.45 per cent from 5.95 per cent until June 2003. There is a further discount of up 0.75 per cent from its SVR until June 2004, depending on loan to value. It is available to first-time buyers, movers and those remortgaging.

The bank is offering several other intermediary-only products, including a two-year discount at 4.25 per cent, a mortgage indemnity guarantee-free loan and a range of cashback remortgage products.

Head of intermediary strategy Joe Flynn says: “We are launching a major campaign to remind the intermediary market that we are not just about 100 per cent mortgages. We offer a wide range of highly competitive products for all types of customer and also place a strong focus on customer service, with a 24-hour agreement in principle service.”

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