New John Charcol Lifetime Tracker Mortgage launched

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New John Charcol Lifetime Tracker Mortgage launched

Mortgage borrowers can now keep their options open with the new John Charcol Lifetime Tracker Mortgage, which has been launched today.

The rate on the John Charcol Lifetime Tracker Mortgage is set at the base rate plus 0.19 per cent, which currently means a rate of 4.69 per cent.

There is uncertainty currently surrounding the next movement of the base rate and with fixed rates rising recently this product aims to give customers more options.

Arrangement fees are not charged on the new John Charcol Lifetime Tracker Mortgage and there are no early repayment charges.

Ray Boulger, senior technical manager at John Charcol, said: "A combination of uncertainty over rates and the uncompetitive pricing of fixed rate deals at present means borrowers are wondering which product to take for the best. This lifetime tracker offers an ideal solution with minimal set-up costs, a market-leading rate and full flexibility."

John Charcol is an independent mortgage advisor which was established 22 years ago and now has nine branches in England.

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