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The Mortgage Operation launches &#39Cutting Edge Fix Mortgage&#39

The Mortgage Operation has launched a mortgage fixed at 5.49 per cent until 2002 to allow consumers to capitalise on the predicted fall in interest rates.


The Cutting Edge Fix Mortgage, funded by West Bromwich Building Society, allows borrowers to enjoy a very competitive fixed-rate before reverting to the predicted reduced standard rate when the fixed period ends.


TMO managing director Frank Butler says: &#34The cut in base rates has made borrowers cautious about choosing a fixed-rate which may end up being higher than the standard variable rate in the next three years. Predictions suggest that the standard rate will not fall below the rate offered by Cutting Edge.&#34

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