The lower rate of 4.49% (5.7% APR) is available to both purchasers and remortgagers. There is also a deal specifically for remortgagers fixed at 4.69% (6.00% APR), this deal comes with a free valuation and free legals. Both deals come with early redemption charges for the first 2 years and the facility to overpay by up to 10% each year.
Ray Boulger, senior technical manager at Charcol said, “These deals offer exceptional value to both purchasers and remortgagers. Given that we have recently seen a number of lenders either pull their cheapest fixes or re-price them upwards, these products come as a welcome reprieve for borrowers looking to fix their loan. We expect these deals to be very popular therefore anyone looking to fix their mortgage now should certainly take advantage of these fixes while they can.”
Borrowers keen to see how much they could save on their mortgage repayments should either contact Charcol on 0800 71 81 91 or post a copy of their existing mortgage offer marked clearly “Remortgage Check” to Charcol, 21-27 Lamb’s Conduit Street, London, WC1 3BD*. Charcol’s Remortgage Check service is obligation free and consumers are in no way required to act upon the recommendations given.
