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A fresh round of cuts in mortgage rates has been announced by some lenders.
ING Direct is cutting the rates on its two- and five-year fixed rate deals by up to 0.75% on Friday. The Nationwide building society is cutting all its rates, with its two-year fixed rate deal with a 30% deposit now on offer at 3.09%, down by 0.4%. Mortgage brokers say the cuts reflect the Bank of England's new Funding for Lending scheme, which aims to both boost and lower the cost of borrowing....Read more here: Lenders in fresh round of mortgage cuts
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