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Wesleyan Home Loans abolishes redemption penalty lock ins

Wesleyan Home Loans is abolishing redemption penalty overhangs on its range of mortgages.


The move will apply to its range of new loans from August 12.


Wesleyan Home Loans director Frank Brooks says: &#34As financial services evolve in the UK, it has become increasingly evident extended lock ins are neither appropriate nor acceptable.


&#34We pride ourselves on being flexible and prompt in responding to customers feedback and so are delighted to be at the forefront of what we believe will be a growing trend in the UK mortgage market.&#34

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