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The Money Store launch fixed and capped rates



The Money Store has launched one year fixed and capped rate mortgages fixed at 7.25 per cent until May 1, 2000 for 70 per cent ltv.


At the expiry of the fixed/capped period, the rate reverts to the three month libor plus an additional 3.75 or 4.25 per cent for full status cases or three month libor plus 4.25 per cent for self certification cases.


There is a £295 arrangement fee added to the loan on completion.


The redemption fees are five months&#39 interest in the first year, four months&#39 interest in the second year, three months&#39 interest in the third and one month&#39s interest thereafter.



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