Offset Mortgages

Coventry Building Society, that recently announced excellent half year results, will on Friday 29 August be adding new offsets to its existing range of mortgages.

first direct has launched a market leading fee free offset base rate tracker mortgage at a rate of 0.99% above the Bank of England Base rate for the life of the loan, currently 5.99%.

Coventry will be adding new offsets to its existing range of mortgages. The new competitive products include 3 and 5 year fixed rates at 6.19%, available at 50% loan to value, with free valuation and free remortgage transfer service. Fee-free options are available at 6.49%.

Coventry Building Society is reducing the rates on its offset range by up to 0.30%. The new products include a 6.39% Flexx for Term with no early repayment charges, 3 and 5 year fixed rates of 6.45% and a 10 year fixed rate of 6.19%.

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.