Charcol launches three-year tracker

The deal is available up to 85% LTV, and is discounted at 0.06% off Bank of England Base Rate for the duration of the three-year term.


- Three-year 4.69% Bank Base Rate tracker

- The overall cost for comparison is 6.5%APR

- Refund of valuation fees of up to £500

- No legal fees on remortgages

Elliot Nathan, product development manager at Charcol said: “We’re delighted to be working with Saffron Walden, Herts & Essex Building Society to offer this ground-breaking deal which, at 4.69%, is without doubt the best of its kind on the market at the moment. It’s even more competitive than some of the best two-year trackers around now and there are no early repayment charges, making it a market leader. All borrowers will benefit from a refund of valuation up to £500 and for those re-mortgaging, will receive free legals. It’s also perfect for those who may wish to overpay as there is no limit on the amount and frequency of overpayment. The mortgage is ideal for those not looking for flexibility, but who want to benefit from any shift in base rate. It’s likely that this will be a popular mortgage so we would strongly advise borrowers to get in touch now to take advantage of this offer.”