Charcol is offering homeowners and remortgagers a market-leading two year stepped discount l...
Charcol is offering homeowners and remortgagers a market-leading two year stepped discount loan at 2.75% (5.8% APR).
There is a discount of 3.2% for the first year which is followed by discount of 1.52% in the second year with the option of repaying up to 25% penalty free during each of the first 2 years.
The loan then reverts back to the standard variable rate (currently 5.95%), when borrowers can switch to alternative loans penalty free.
Details of the loan:
Maximum LTV: 95% (MIG free to 90%)
Early Redemption Charge: 6 months interest in 2 year; can repay up to 25% p.a. penalty free
Lender's Arrangement fee: £100
Charcol booking fee: £49.
Available to: purchasers and remortgagers
Interest calculated daily
Funded by Woolwich
Alternative for remortgages up to 80% LTV
Free valuation and free legals
Maximum LTV: 80% MIG free
Lender's Arrangement fee: £370
Other details as above
The average discount on this deal equates to 2.36% over the first two years.
Charcol charges a broker fee of up to 1% on completion.
Contact 0800 71 81 91 or visit www.charcolonline.co.uk for further information.
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