Drop lock is the solution to the market

Posted on 29 August 2008 by Drew

1 Comment

Most people could be forgiven for not knowing what to do for the best when it comes to their mortgage currently.

With bad news seemingly the norm, picking the right product has become a huge challenge. In light of this, Charcol has secured some exclusive mortgages that we believe are just perfect for the current market.

The Charcol “drop lock” provides borrowers with the best of both worlds. It is a tracker rate, meaning borrowers would benefit from any fall in interest rates, that offers the ability to drop and lock into a fixed rate at any time.

With most mortgage commentators expecting bank rate to fall by at least 1 per cent by the end of 2009, trackers are clearly the product of choice to benefit from this. And the drop lock allows you to retain the security of moving to a fixed rate should you need to at any time. Providing that all important peace of mind.

To discuss this product then please call one of our expert advisers who will provide free mortgage advice.

You can speak to them on 0845 034 2100.

 

Comments

Displaying comments 1 to 1 out of 1

kc says:

hi, i saw this article, and would like to know a bit more.
i like the idea of being able to benifit from interest changes but also have the protection of being able to fix if needs be. However im not to keen on the of having to pay for the ability to do so, surely i'd be better applying for another fix at the time?

Posted on Saturday, 06-09-08 10:22 by kc


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The blog postings on this site soley reflect the personal views of the authors and do not neccessarily represent the views, positions, strategies or opinions of Charcol Limited. All comments are made in good faith, and neither Charcol Limited nor Drew Wotherspoon will accept liability for them.