John Charcol three-year tracker mortgage launched
www.moneynews.co.uk > Mortgages > John Charcol three-year tracker mortgage launched
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Money News |
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John Charcol three-year tracker mortgage launched
Thu 2nd Feb 2006
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Tracking the Bank of England base rate plus 0.19 per cent for three years, the mortgage has a maximum loan to value of 85 per cent.
Furthermore, the rate reverts to a standard variable rate (SVR) of 5.7 per cent after the three-year fixed term.
Ray Boulger, senior technical manager at John Charcol, said: "This mortgage is even better as, unlike many offset mortgages, it allows borrowers to link a current account to their mortgage as well as one or more savings accounts."
Customers of the John Charcol three-year tracker mortgage must pay an arrangement fee of £699.
Meanwhile, those wishing to remortgage will get free legal fees and a free valuation up to any amount.
"Offsetting is la creme de la creme of flexible mortgages, combining full flexibility with maximum convenience," Mr Boulger concluded.
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