Egg fixed-rate mortgages launched
www.moneynews.co.uk > Mortgages > Egg fixed-rate mortgages launched
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Money News |
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Egg fixed-rate mortgages launched
Fri 21st Sep 2007
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With recent rises in interest rates beginning to pinch, the provider is to offer a two-year and a three-year deal, both with a fixed-rate of 5.89 per cent.
After the fixed period, borrowers will revert to Egg's standard variable rate of 6.94 per cent.
The two-year offering has an arrangement fee of £899, which lowers to £749 on the three-year deal.
Stephen Bright, head of lending and insurance with Egg, said the mortgages will be of interest to people looking to protect themselves from a changeable market.
"We've launched a competitive, great value product with fixed repayment costs and protection from any further changes in interest rates over the next two or three years," he added.
Earlier this month, Egg launched a 125 per cent FTSE guaranteed equity bond.
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Related News : Egg |
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