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˜Football’s coming home’ with Chase

  • 09/04/2002
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Mortgage broker Chase De Vere has put together a mortgage that gives football fans the chance to lin...

Mortgage broker Chase De Vere has put together a mortgage that gives football fans the chance to link their loan rate to England’s success in the upcoming World Cup competition. Chase De Vere will give a discount if England reach the semi-finals and a further discount if they actually win the Cup.

The mortgage is offering a two-year discount of 0.75% on the Bank of England base rate, giving a starting rate of 3.25%. If England reaches the semi-finals the discount will be increased by 0.5%, with a further 1.75% discount for lifting the Cup, giving a rate of just 1% for the two years of the discount.

Chase De Vere has reinsured the risk by staking a £100,000 bet with internet bookmaker, which has given odds of England winning the Cup at 11-1 against.

Simon Tyler, managing director of Chase De Vere Mortgage Management, said: ‘In the event England wins the World Cup, we would use the money from to finance costs.’


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