Two Year Steals Charcol Offers

TWO YEAR 'STEALS': CHARCOL OFFERS A SUITE OF DEALS TO SUIT ALL Charcol, the UK's leading independent mortgage and financial adviser is advising customers concerned about current economic uncertainty to consider the wide range of two year deals presently on offer. In the last two weeks, the margin between two and five year money has increased due to changes in the money market yield curve making two year money the most competitive option at the moment. Ray Boulger of Charcol commented, "Short term mortgage deals are the ideal solution for borrowers worried by recent market volatility. The question is whether to take a fix, a discount or a tracker. In particular, several two year 'steals' shine out from the current crop, with the best fix as low as 4.45% with no trailing redemption penalties, a rate which, until recently, would have only been available with three year lock-in strings attached." He continued, "What's more, with just the one rate to 95% loan to value and no MIG, those with smaller deposits can benefit from exactly the same terms as those with a large deposit. The icing on the cake is that, within the fixed rate period, penalty-free overpayments can be made and the mortgage is flexible." The table below highlights the high quality of two year products currently available from Charcol: INITIAL UNTIL MIG free Max LTV Lender RATE to FIXED 4.45% 03/12/03 95% 95% Mortgage Express DISCOUNT 3.75% 3% discount in year 1 90% 95% Woolwich 1.52% discount in year 2 4.40% 2.1% discount for 2 90% 95% Birmingham Midshires years CAPPED 5.29% 01/04/04 90% 95% Portman TRACKER 4.49% Bank Base Rate - 75% 75% Mortgage Express 0.26% for 2 years 4.74% Bank Base Rate - 95% 95% Mortgage Express 0.01% for 2 years SELF-CERTIFICATION 4.74% Bank Base Rate - 90% 90% Mortgage Express 0.01% for 2 years -more- All the above products are exclusive or semi-exclusive to Charcol, all allow penalty-free overpayments and all except the Birmingham Midshires and Portman products are flexible, offering the ability to overpay, underpay and take payment holidays, coupled with a drawdown facility. For further information please contact Charcol on 0800 71 81 91. The mortgages are also available online at www.charcolonline.co.uk. -Ends- For more information please call: Ray Boulger or Richard Winder/Ali Merrigan Senior technical Manager Lansons Communications - Mortgages 020 7490 8828 020 7550 6643/ 07977 277 431 richardw@lansons.com rjb@charcol.co.uk alisonm@lansons.com Karen Garner Press Officer 020 7550 6749 klg@charcol.co.uk NOTES TO EDITORS INITI UNTIL MAX FEE REDEMPTION PENALTY MAX NOTES AL LTV MIG RATE FREE FIXED 4.45% 3/12/ 95% £325 1.1125% to 95% Funded by Mortgage 03 3/12/03; can pay Express up to double each Minimum loan: £40,000 month DISCOUNT 3.75% 3% 95% £100 6 months interest 90% Funded by Woolwich disc @ SVR in 2 years; Remortgage only option in can repay up to to 80% LTV with free year 25% p.a. penalty valuation and free 1, free legals and £370 fee 1.52% disc in year 2 4.40% 2.1% 95% £299 2/1% in 2 years; 90% Funded by Birmingham disc can repay up to Midshires for 2 10% p.a. penalty * Maximum of 2 lump sums years free * p.a. CAPPED 5.29% 01/04 95% £300 3% to 01/04/04; 90% Funded by Portman /04 can repay up to For remortgages up to 10% p.a. penalty 75% free legals in free England & Wales and free valuation up to 1/2m TRACKER 4.49% Bank 75% 3 months interest 75% Funded by Mortgage Base @ Bank Base Rate + Express Rate Nil 1.5% for 2 years; Minimum loan £40,000 - can pay up to Free valuation. 0.26% double each month On remortgages free for 2 legals. years 4.74% Bank 95% 3 months interest 95% Base @ Bank Base Rate + Rate 1.75% for 2 years; - can pay up to 0.01% double each month for 2 years SELF-CERTIFICATION 4.74% Bank 90% £325 3 months interest 90% Funded by Mortgage Base @ Bank Base Rate + Express - 2% for 2 years; Minimum loan: £25,001 0.01% can pay up to for 2 double each month years Charcol booking fee of £49 applies to all products. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/09/25/20010925BIT00900/bit0001.doc http://www.waymaker.net/bitonline/2001/09/25/20010925BIT00900/bit0001.pdf