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They are using an attraction-only financing to own six months, stretching the phrase of a mortgage, and you can securing within the a different deal as much as 6 months in the progress. The newest motions stick to the Lender of England’s quarter commission section raise to the Financial Rate, from 5% in order to 5.25%, to the 3 August. The market is now anticipating borrowing costs reach otherwise try close to the height for this duration.
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