View more on these topics

John Charcol launches offset product

John Charcol has launched a three-year tracker offset at Bank of England base rate plus 0.19% and an APR of 5.6%.

Ray Boulger, senior technical manager at John Charcol, says: “The concept of offsetting is brilliant but until now has always come at too high a price to be good value for most borrowers. This mortgage changes that with a rate only marginally higher than the best rate on a non-offset three-year tracker. Offsetting is the cr笥 de la cr笥 of flexible mortgages, combining full flexibility with maximum convenience. Getting maximum value from offsetting is about convenience of using the facilities as well as a market leading rate. 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.”

He adds: “An additional benefit for remortgagers is that as well as free legals the whole valuation fee is refunded. Many remortgages which offer a free or refunded valuation fee cap this benefit at around 500, but with this deal there is no limit. Even on a remortgage for the maximum loan of 5m would get the full amount refunded, despite this being several thousand pounds. A further benefit for all borrowers is that, unlike many other tracker and discount mortgages, this deal has no collar and so borrowers are guaranteed to see their rate move in line with Bank base rate until February 1 2009 even if base rate plumbs new lows.”


ARLA launches landlord survey

The Association of Residential Letting Agents is urging landlords to complete its online survey.ARLA research aims to counter misconceptions about the buy-to-let market so both the private rented sector and private investors can make informed judgements. It is therefore urging landlord to completes its survey, the results of which can be used to inform and […]

Online help with conveyancing

eConveyancer, the online system for instructing conveyancers, is to be made available to Mortgage Promotions’ brokers. eConveyancer gives brokers an easy way to select and instruct a conveyancer on behalf of their client, then monitor the conveyancers’ progress. The system gives intermediaries access to a panel of solicitors comprising more than 140 firms, and 500 […]

Estate Agents fined for flyboarding

Two Kensington estate agents have been fined more than 18,000 for littering the streets with fake to-let boards. Andrew Chard and Barry Manners, directors of Chard Estate Agents, pleaded guilty to eight charges of flyboarding at West London magistrates court. Trading standards discovered the flats Chard was claiming to represent were not available to let […]

AMI warns intermediaries to get ready for HIPs

The Association of Mortgage Intermediaries has warned mortgage intermediaries yesterday to carefully consider the introduction of Home Information Packs and the impact they will have on their business.From 2007 every home seller in England and Wales will be required to arrange a HIP for their property before it is placed on the market. AMI is […]


News and expert analysis straight to your inbox

Sign up