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This is a new
product on the market and it saves you the expense of a full
re-mortgage. Clients can now borrow up to 75% of the value of
their property, with their present Lender or switch to a new Lender,
if a better deal can be obtained.
In this area, the most exciting product on the market is
the cheque book mortgage, whereby you can borrow to satisfy your
present requirements and arrange additional finance to be drawn at
some time in the future.
You only pay for what you draw down.
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Warning:
Purchasing this product may negatively impact
on your ability to fund
future needs
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