The World Cup Mortgage has been designed to become cheaper, the further England progress through this summer's finals.
Football fans who are confident of England’s success could see their mortgage rate decrease to as low as one per cent.
The mortgage starts with a 0.75 per cent discount off the Bank of England base rate, but if England progress through the latter stages of the competition this figure will decrease.
If England reach the semi-final stage borrowers will receive an extra 0.5 per cent discount as the rate will drop to 1.25 per cent below the Bank of England base rate.
However, in the event that England win the World Cup on the 30 June, borrowers will gain from a discount of 1.75 per cent below the base rate. This will leave them paying the equivalent of one per cent for their mortgage for the next two years (based on current interest rates).
