Charcol targets fear of mortgages - News at Best UK Mortgages - Monday, 20th June 2005

Charcol has launched a new offering targeting homebuyers worried about mortgages and the threat of negative equity.

The five-year fixed deal comes at a time when Brits are becoming increasingly concerned about the future of the housing market.

The Triple Protector mortgage offers free unemployment, sickness and accident insurance, along with a rate of 4.99 per cent for the five-year term.

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

"As a result many consumers have become extremely wary of the housing market and are now confused as to what the next move in values will be."