Can You Rise to the Challenge of a New Deal? ; Try Those 'Heads You Win...Tails You Win' Offers From Loan Companies and You Could Coin in with a Cheaper Rate

Mail on SundayJune 13, 2005

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Summary


Banks are coming up with mortgage versions of the Pepsi Challenge to try to win customers from rivals.

'Compare your current deal with ours for free and if we can't lower your monthly repayments we'll pay you Pounds 100 no strings attached,' is a typical mortgage challenge.

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Extract


Can You Rise to the Challenge of a New Deal? ; Try Those 'Heads You Win...Tails You Win' Offers From Loan Companies and You Could Coin in with a Cheaper Rate

But are these 'no lose' offers always as good as they look?

Mortgage brokers give the challenges a cautious thumbs-up, especially in the current climate when many mortgage bills are rising fast. 'This summer, thousands of borrowers who took out lowrate, two-year fixes and discounts in 200...

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