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Woolwich launches five year fix for buy to lets

Woolwich is launching a five year fixed rate mortgage for the buy-to-let market.


The loan is fixed until December 1, 2004 at 7.49 per cent for loans of £50,000 plus or at 7.59 per cent for loans of below £50,000.


The loans are available up to 75 per cent loan to value subject to an overall maximum of £1m


There is a £425 application fee and early redemption penalties of six months interest in the first five years.

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