10 October 2005
A leading internet and telephone bank has begun to unveil its first mortgage range, adding to its selection of personal loans already available.
Cahoot, owned by the Abbey National Group, will offer a variety of deals based on those of its parent company – including fixed-rate offers starting at 4.49 per cent and a discounted two-year Bank of England base-rate tracker beginning at 4.34 per cent.
The loans will initially be on offer for a trial period while demand is assessed and hopes are high that the scheme will be furthered if take-up is good.
John Goddard, managing director of Cahoot, said: "With this new range of competitive mortgages, we're dipping our toe in the market and testing the demand for mortgages from Cahoot. These are some of the best rates on the market and we hope the trial will prove popular."
Continuing until early next year, the trial will – if successful - lead to the company launching its own, individual, selection of mortgages and expand the service to allow online custom.
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