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Sun Bank cuts rates

Sun Bank is reducing interest rates across its mortgage products in response to the lowest bank base rates since 1963.

Flexible mortgages with a discount to July 1, 2002 are now at 3.99 per cent. Fixed rates of 3.99 per cent are available to January 1, 2004. Other rates apply for different terms.

Discounted variable rates are available from 3.99 per cent, including a discount of 2.25 per cent for loans with an LTV less than 75 per cent or 4.24 per cent including a discount of 2 per cent for loans with an LTV more than 75 per cent.

Marketing and sales director Chris Cummings says: “These interest rates offer some truly competitive options for clients, especially those looking to lock in to a fixed rate or obtain a discount.”

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