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TMO launches combined business and mortgage loan


The Mortgage Operation is launching a new product which enables business owners combined who combine their business and their homes in one mortgage.


The semi-commercial mortgage is fixed at 7.5 per cent to August 2002 for loans under £150,000.


It also features purchase or re-mortgage to 75 per cent, the ability to re-pay ten per cent of the capital balance per annum without charge and no mortgage indemnity premium.


The procuration fee is £250.


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