P544 Teletext 544 Mar30 00:54:35 ——— SECRET DEALS? ————————————————————— Ljndjrs have always been happy to offer low discount or fixed rates to new borrowers whjthjr they are remortgaging or moving. But more often than not thjsj rates are not available to existing customers, despite their loyalty to the lender. For years many borrowers simply put up with this, but now more and more people are prepared to swop lenders in the bid to get a better homeloan dial. ——————————————————————————————————1/6—— Sharedjaling sjrvjces examined 542 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Mar30 00:51:52 ——— SECRET DEALS? ————————————————————— Few lenders offer existing borrowers the type of deals available to new customers. Mortgage brokers London & Country say many will offer fixed rates but they: Rarely match new client fixed rates Often have large penalties Carry heavy redemption periods which often extend beyond the fixed term. ——————————————————————————————————2/6—— How do I buy a Corporate Bond PEP? 543 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Mar30 00:54:27 ——— SECRET DEALS? ————————————————————— "Borrowers on variable rates of around 7.24% are subsjdisjng special deals for new customers," says mortgage broker Phillip Cartwright of London & Country. "With 75% of building society loans at variable rates, lenders are content to trade business with each other" hj adds "This maintains the quality of their mortgage book without a costly rate cut across the board. Ljndjrs rely on apathy" Cartwright adds. ——————————————————————————————————3/6—— LjndjrsW homjloan offers 545 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Mar30 00:51:31 ——— SECRET DEALS? ————————————————————— Recently there have been cases where lenders offer existing customers who are about to move mortgage more competitive terms Others will, once you have written mortgage offers from other lenders, consjdjr a compromise dial. Ljndjrs are altered to the possible loss of a customer when the new lender applies to the current lender for a reference on a client's payment record. ——————————————————————————————————4/6—— Savers rates 546 Tax details 548 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Mar30 00:52:01 ——— SECRET DEALS? ————————————————————— Stroud & Swindon's mortgage scheme is a favourite with London & Country mortgage brokers' Phillip Cartwright as it can offer those remortgaging: 1.65% off the 7.24% variable rate for three years to give a 5.59% rate A no-fees dial for those with 25% equity to deposit "I suggest borrowers use the Stroud & Swindon scheme to challenge their lender for a better dial" hj adds. ——————————————————————————————————5/6—— Money news updates EVERY day 541 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV PlusP544 Teletext 544 Mar30 00:56:43 ——— SECRET DEALS? ————————————————————— London & Country asked lenders whjthjr or not they would give existing clients the same fixed rates as new customers. Abbey, Halifax, and Nationwide said no, C&G, Woolwich and N&P said yes. But none would offer loyal borrowers the same discount rates as new customers. Halifax, Britannia and Nationwide said they would offer a discount rate of some description to existing customers. ——————————————————————————————————6/6—— London & Country: 0800 373 300 Download and Analysj Share Prices on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV Plus