MARKETPLACE - Bradford and Bingley's high street mortgage outlet - is offering borrowers a £25 gift voucher if they cannot come up with a money-saving mortgage deal.
''Recent cuts in interest rates have meant that many can benefit from lower rates,'' says regional business director Roland Hughes.
''It will depend on individual circumstances, but, in general, there are savings to be made in today's market.''
He cites the example of a borrower seeking a £60,000 repayment mortgage over 25 years on a Standard Variable Rate of seven per cent.
''Their monthly repayment rate would be £429.05, but in comparison, a two-year capped rate of 5.25 per cent, giving a monthly repayment of £363.70 would provide a saving of £65.35 a month.
''Over the two-year period this works out to a total saving of £1,568.40 subject to any charges. These sort of figures are hard to ignore.''
Marketplace is offering two free guides to offer further understanding of the mortgage process - Buying Your First Home and Mortgage Choice.
Both are available from your local branch.
Yell teams up with Charcol
Yell.com has teamed up with brokers CharcolOnline to produce Home Finance, a one-stop property shop offering access to a range of 450 mortgages from 45 providers, including the ''top ten''.
The website offers a glossary of mortgage terminology, a series of frequently asked questions, and a mortgage calculator to work out monthly repayments.
Once an application has been received online it passes to a Charcol adviser who deals with solicitors, surveyors, estate agents and lenders on the customer's behalf.
Lambeth extends range
Lambeth BS has a series of new additions to its mortgage range including a two-year discount loan with no extended tie-in and no MIG charged on loans to 90 per cent. At 5.04 per cent it comes with a guarantee that the rate will remain 1.95 per cent below the society's SVR for the first two years.
The society is also offering a three-year discount mortgage at 4.99 per cent with no MIG charged on loans to 90 per cent. The guaranteed discount for the first three years of the loan is two per cent below the Lambeth's SVR.
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