Mortgage Industry News

← Back

Triple protection for mortgages

Date: Wed, 15 Jun 2005

Some homebuyers could benefit from a new triple protection mortgage deal.

The new product, launched by John Charcol and Newcastle Building Society, aims to protect households against possible negative equity as well as sickness or unemployment

In particular, the mortgage will be targeted at first time buyers who are unsure about their position in the housing market and will offer a rate of 4.99 per cent fixed until the end of August 2010. However, availability is not limited to first time buyers and the mortgage is available to all property purchases up to 95 per cent of the Loan To Value.

"The fate of house prices has almost become a national obsession, with wildly conflicting views all too apparent," said Ray Boulger, senior technical manager at John Charcol.

"This mortgage is aimed at buyers, especially first time buyers, who need some extra reassurance."

track© DeHavilland Information Services plc

© 1998-2005 DeHavilland Information Services plc. All rights reserved.

Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.