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Abbey and B&B reprice buy-to-let loans

 

Two big names in the mortgage market have made changes to their products in the latest sign that the worst may not yet be over for borrowers.

Bradford & Bingley yesterday repriced its entire range of fixed and variable buy-to-let mortgages by up to 0.55 of a percentage point.

 

Meanwhile, Abbey withdrew some fixed rates and will release new rates on Monday. Egg, a smaller provider, stopped mortgage lending with effect from last night.

 

07/06/08 Financial Times 4

 

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