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Chase de Vere scores World Cup loan goal

Chase de Vere Mortgage Management is teaming up with England&#39s 1966 hat-trick hero Sir Geoff Hurst to offer a World Cup mortgage, discounted to 1 per cent if the current squad win the trophy.

The mortgage has an interest rate of 0.75 per cent under the Bank of England base rate, currently 4 per cent, for two years. If England make it to the semi-finals, there will be a further 0.5 per cent discount.

If England win the cup, the payment rate will be discounted to 1.75 per cent below base rate, giving a rate of 1 per cent for the next two years based on today&#39s rates.

The product is available for loans between £50,000 and £200,000 with a maximum loan to value of 75 per cent. Redemption penalties are six months&#39 interest at 1.5 per cent above base rate during the discount period.

The rate reverts to 1.5 per cent above base rate after the discount period. Available for lending on income multiple of 3.25 times single salary or 2.75 times joint, the mortgage carries a completion fee of £395.

Hurst, who is helping with the launch of the product, says: “It seems to me that a homeowner who wants a very low mortgage payment now, and an excuse to follow England with even greater enthusiasm this summer, need look no further.”

Chase de Vere managing director Simon Tyler says: “The World Cup mortgage is a one-off opportunity for borrowers to get not only one of the finest base rate tracking mortgages on the market but also to benefit for up to two years if the England team reach the semi-finals or beyond.”

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