Fix and discount

JOHN CHARCOL has a mixed fix and discount loan which starts at 6.75 per cent for 18 months and then offers a 1 per cent discount for four years. The rate will not drop below 6.75 until January 2000. There are no compulsory insurances and an arrangement fee of pounds 299.

First Mortgage Securities has dropped its variable rate for repayment loans of less than 75 per cent of value to 6.75 per cent. Maximum loan is pounds 150,000. There is a 2.25 per cent discount for new borrowers until June next year.

N&P has a half-price deal for a year - payments at 3.82 per cent, half-price buildings and contents insurance, half the valuation fee and half- price mortgage protection.