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Select Partnership launches four new products

Mortgage packager The Select Partnership is launching four new products to add to its stable.

The Diamond One has a fixed rate of 6.79 per cent until June 2002. It has a loan to value up to a maximum of 95 per cent.

The Diamond Two offers a 1.75 per cent discount until June 2001, and then a 1 per cent discount until June 2002. The current rate is 5.99 per cent. It also has a maximum LTV of 95 per cent.

Sub-Six Fix is a two year fixed product with £300 cash back. With minimum loans of £35,000 it is fixed at 5.99 per cent until January 1, 2002.

Finally, the Stretch Discount mortgage comes with a 2.5 per cent discount for one year, 1.5 per cent for the second, and 1 per cent discount for the third year. It has a minimum loan of £35,000 and comes back with £500 cash back. The standard variable rate stands at 7.74 per cent.

Select Partnership business development manager David Gould says: “We have managed to introduce highly competitive and flexible products into the marketplace which successfully require the efforts of intermediaries.”

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