Offset Mortgages

first direct, the only bank to pass on the recent full base rate cut to new and existing customers with immediate effect, has launched two new market leading mortgages.

More than one in five (22%) small business owners are striving to pay off their home loan early so they can grow their business quicker, according to research to support Yorkshire Bank’s Business Offset Mortgage.

first direct has launched two highly competitive two-year fixed rate offset mortgages priced at 5.59% (6.9% APR) and 5.99% (6.9% APR).

Interest rate movements are a serious concern for many each month, with 41% claiming they feel ‘worried’ or ‘extremely worried’ in anticipation of the Bank of England’s decision, according to ICM research commissioned by Intelligent Finance.

moneysupermarket.com has found offset mortgages are an excellent option for savers with over £12,500, and they could be the best way to negate the effects of at least two more base rate rises.

New research published by the Council of Mortgage Lenders has revealed strong growth in the number of people opting for an offset mortgage.

Four million homeowners across the UK could collectively save over £29bn in interest and income tax – an average of over £11,000 per household – if they switched their mortgage, savings and current accounts to an offset mortgage.

A new highly competitive offset tracker mortgage is being launched by Coventry Building Society on Thursday 7 June.

Giraffe is delighted to announce the launch of its new Carbon Offset mortgages.

Yorkshire and sister bank Clydesdale have seen the popularity of offset mortgages grow by a third since the Bank of England began increasing interest rates in August last year.

As people are recovering from Christmas spending, Britannia is helping people to save by knocking thousands of pounds off their mortgage.

Offset mortgages are suitable for more borrowers than people may think, according to new figures.

Norwich and Peterborough Building Society (N&P) is launching two new Offset Tracker mortgage products with immediate effect.

As people indulge in Christmas spending, Britannia is helping people to save by knocking thousands of pounds off their mortgage.

The real rate on Intelligent Finance’s offset would have delivered a whopping 810% return over and above the average savings rate available from the big four banks over the last six years – not a bad birthday present for higher-rate tax payers who have been with IF since launch.