Charcol has launched a one year fixed rate mortgage at 4.49% (5.50% APR), followed by a lifeti...
Charcol has launched a one year fixed rate mortgage at 4.49% (5.50% APR), followed by a lifetime stepped discount. After the fixed rate period, the loan reverts to a discount of 0.75% below the SVR (currently 5.95%) for two further years, and then a 0.5% discount for the remaining term of the loan. Redemption penalties only apply during the first two years of the deal. Ray Boulger of Charcol commented: "This mortgage offers particularly good value for borrowers who want a 95% mortgage and is likely to appeal especially to first time buyers struggling to get a foot on the prope...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes