View more on these topics

Charcol says use your mortgage to pay for Christmas

With consumers due to spend 813 each on Christmas this year, Charcol is advising people to remortgage to cover the cost.

Charcol has calculated that over 3 million borrowers could pay for this years festivities just by moving away from a lenders uncompetitive SVR.

These borrowers are potentially wasting a staggering combined total of over 235m a year.

Elliot Nathan, product development manager at Charcol, says: “With at least 28% of borrowers still paying a lenders SVR perhaps the added expense of Christmas will spur them into action.

“Hopefully the chance to have an effectively free Christmas and the realisation that so much money is being wasted each year, will mean that 2005 is the year when borrowers paying an SVR is dramatically reduced.”

To help borrowers review their situation and see whether remortgaging could save them money, Charcol is offering an obligation free remortgage check service.

The review takes into account any early repayment charges and other fees they might have to pay to make this switch and borrowers are in no way required to act upon the recommendations given.

Recommended

Ski fans to benefit from Andorra mortgage scheme

UK property buyers can now benefit from a mortgage scheme for Andorra from Hove-based Conti Financial Services. The mortgage has been launched in response to demand from keen investors and ski fans who wish to capitalise on the benefits offered by a country that is one of Europe’s most popular ski destinations.One of the smallest […]

Abbey launches six-month fixed rate at 4.54%

Abbey is introducing an introductory six-month fixed rate of 4.54% on its Flexible Plus mortgage from December 15. The product is aimed at borrowers who are unsure about taking a longer-term fixed rate in the current mortgage market, and has the added bonus of no extended tie-in if they decide it’s no longer the right […]

Commercial property demand to carry on growing

Occupier demand for commercial property is expected to be sustained even though confidence about the general business climate has slipped.That is the main finding of a report by the CBI and property advisers GVA Grimley published on December 16.The twice yearly survey – covering offices, shops, factories and warehouses – shows that 15% of companies […]

Consumer advertising tricky for brokers, claims PR

The mortgage industry – particularly those operating in the sub-prime market – is finding consumer advertising problematic under the Financial Services Authority regime, claims Llewellyn-Slade PR.However, the firm says intermediaries and lenders wanting to use public relations as a marketing tool can do so without fear of the impact of mortgage regulation.This is because, unlike […]

Nigeria cover image - thumbnail

White paper — Nigeria International Insights

Jelf Employee Benefits closely examines healthcare provision and challenges within Nigeria. This will be of particular interest to HR decision makers with employees based in Nigeria, and assesses the environment, risks, facilities and safeguards that are relevant to organisations that are actively deploying expatriate staff in this location.

Newsletter

News and expert analysis straight to your inbox

Sign up