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Monday, June 11, 2007

Abbey Launches 100% Mortgage

Abbey has announced that it will launch a new range of 100% mortgage offers, as from June 13, with maximum lending of up to £500,000 and no higher lending charge.

The offers will be available at 6.29% as a two year tracker, from 6.35% as a two year fix, 6.99% as a three year fix and 6.79% as a five year fix.

Abbey expects the product to mainly appeal to first time buyers, as well as the recently divorced getting back on the housing ladder.

I trust that the launch date, 13th June, is not a bad omen for either Abbey or their clients.

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