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Good news on the mortgage front as lenders continue rate war

08/09/2008

Mortgage lenders continue to outdo each other with new incentives and lower rates in a bid for customers. In the past two weeks nine out of twelve major mortgage lenders reduced their two and three-year fixed rates, according to moneysupermarket.com.

While the best rates are still restricted to borrowers with big deposits there is hope that the new rate cuts might herald an easing of current lending restrictions and better times for would-be homeowners lie ahead. more


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