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B&B launches 72-hour stepped tracker mortgage

Bradford & Bingley is offering borrowers an exclusive 72-hour stepped tracker mortgage, funded by Norwich & Peterborough.

The product, designed for remortgagers who want to move the process along quickly, has a competitive initial rate of 4.50%, followed by 4.75% in year two.

The loan moves to 5.0% in year three then reverts to a
lifetime tracker rate of 5.25% for the remaining term of the loan.

The overall cost for comparison is 5.3% APR.

Early redemption charges only apply for the first two years, making an average two-year rate of 4.62%.

The product has a maximum LTV of 75% and free legals and valuation.

Duncan Pownall, mortgage development manager for Bradford & Bingley, says: “This is a great product that will really appeal to remortgagers looking for competitive rates, low fees and flexible features.

“Significantly, it will also appeal to remortgagers who want to progress things quickly and don’t want to wait a fortnight or longer before they receive a mortgage offer and those who have left it late and face a big jump in their monthly repayments.”

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Trigold ranks 17th in Sunday Times Tech Track 100

Trigold is celebrating 17th place in the Sunday Times Microsoft Tech Track 100 for Britains fastest growing technology companies. The Sunday Times Microsoft Tech Track 100 ranks Britains fastest-growing private technology companies by sales over a two-year period, between 2002 and 2004.Bill Safran, CEO at Trigold, says: I was shocked and delighted that we obtained […]

Prices will double over next 20 years

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Britain suffers from financial myopia

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Auto enrolment – so far so good?

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