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cahoot becomes mortgage lender
Fri, 07 Oct 2005
Internet bank cahoot has joined the mortgage market and is launching a range of mortgage products today.

The new mortgage lender offers competitive mortgage rates on a range of mortgage products, including fixed rate, tracker and flexible mortgages .

This mortgage trial is provided in conjunction with cahoot's parent company Abbey .

The two-year tracker mortgages as well as the two-year fixed mortgages are available for a maximum loan to value of 95 per cent.

All mortgages offered by the mortgage lender come with the option of taking a lower booking fee coupled with a higher mortgage rate or a higher booking fee and a lower mortgage rate .

The Flexible Plus mortgage, available at 90 per cent loan to value, offers overpayments, underpayments and payment holidays.

It also comes with an offset facility to help the mortgage holder pay off the loan earlier whilst reducing the interest.

"With this new range of competitive mortgages, we're dipping our toe in the market and testing the demand for mortgages from cahoot," said the mortgage lender's managing director, John Goddard.

"As these mortgages are currently only available over the phone, they will really suit people who are comfortable without face-to-face help from a mortgage adviser . These are some of the best rates on the market and we hope the trial will prove popular."

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