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UK specialist Mortgage Lender Kensington Mortgages has introduced a 40-year, fixed rate mortgage deal which will allow aspiring homebuyers to borrow more money than from a standard deal. It allows borrowers to fix their interest rate for the full term of between 11 and 40 years.

The deal is available to borrowers with deposits of between 5% and 40%. Interest rates for people fixing between 36 and 40 years will start at 3.34%. For those fixing between 11 and 15 years, rates will start at 2.83%.

For more information regarding their 40-year deal, head over to Kensington Mortgages.

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