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Sun Bank offers new buy to let rates

Sun Bank is offering lower rates across its buy to let range of products available to both mainstream borrowers and complex prime borrowers.

The mortgage bank is providing a choice between two, three and five year fixed rate deals as well as a variable rate.

The new range includes a discounted rate of 5.99 per cent until June 2002, a fixed rate of 6.75 per cent until June 2003, a redemption free fixed rate of 7.24 per cent until June 2004, a fixed rate of 6.99 per cent until June 2006 and a new variable rate of 7.49 per cent.

Sun Bank marketing director Chris Cummings says: “Sun Bank has seen its buy to let business nearly double this year, compared with the first few months of 2000, breaking the CML estimated market trend of 10 per cent growth.”

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