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Savills launches three-year tracker

Savills Private Finance is launching a three year tracker mortgage for purchases and remortgages. The product tracks the Bank of England base rate plus 0.15 per cent for three years and then reverts to base rate plus 1 per cent for the life of the loan. The current pay rate is 3.65 per cent. Minimum loan size is £25,001 and maximum is £2 million. There is an arrangement fee of £395 and loan to value is 95 per cent for up to £100,000, 90 per cent to £300,000, 85 per cent to £500,000 and 70 per cent to £1 million.

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