A Budget beater

BNP has a fixed-rate mortgage of 6.99 per cent for five years. It is available on 80 per cent loans and carries an arrangement fee of pounds 295, payable on completion.

Chase de Vere has put together a Budget Beater package that allows borrowers to fix the repayment rate at 5.99 per cent until the end of October 1996 or, if interest rates come down on Budget day, to change their minds on 1 December and opt for a variable rate, with a discount of 2 per cent on the going rate until January 1996.