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Sun Bank cuts mortgage rate

Sun Bank has cut its mortgage rate for existing borrowers in response to last week&#39s cut in the Bank of England&#39s base rate.


Sun Bank has followed the decision made by the Monetary Policy Committee to cut the rate by 0.25 per cent, by announcing it will cut its rate by 0.14 per cent.


Existing borrowers on its variable rate will now pay 6.5 per cent for loans up to 75 per cent loan to value and 6.75 per cent for loans of 75 to 95 per cent LTV.

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