Charcol, the independent mortgage and financial adviser, is offering borrowers interested in taking ...
Charcol, the independent mortgage and financial adviser, is offering borrowers interested in taking a loan from ethically invested money a fixed-rate loan of 4.85% until May 31st 2004, with no early redemption penalties.
Available only through Charcol, the ethical mortgage, from an unnamed borrower, is MIG-free and offers 95% loan to value (LTV) up to £100k down to 70% LTV on £1m loans or more, and reverts to the lender's standard variable rate (currently 6.05%) from June 1, 2004.
Free legals and valuation fees are also offered to remortgagers, interest is calculated daily, however, the mortgage comes with a lender's arrangement fee of £300 and Charcol booking fee of £49.
Charcol says it has negotiated this deal to ensure the lenders does not invest in any regime or organisation which oppresses human rights, any company belonging to the arms trade or those organisations contributing to animal cruelty.
Commenting, Ray Boulger, Charcol, says: "There has often been a misconception that ethical investors need to relinquish some financial benefits, be it higher rate mortgage loans or lower investment returns. This loan proves that this is not the case."
For more information on Charcol's mortgage, contact 0800 71 81 91 or click thru the right-hand link.
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