Offset Mortgages
first direct launches new competitive offset mortgages
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).
Rate rise jitters
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.
Offsets make sense after the base rate rise
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.
Strong growth in offset mortgages
New research published by the Council of Mortgage Lenders has revealed strong growth in the number of people opting for an offset mortgage.
Homeowners could save over £29bn interest
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.
New offset tracker with no ERCs from the Coventry
A new highly competitive offset tracker mortgage is being launched by Coventry Building Society on Thursday 7 June.
Giraffe launch carbon offset mortgages
Giraffe is delighted to announce the launch of its new Carbon Offset mortgages.
Platform reduces fixed rates across range
Platform, the intermediary lender of Britannia, will launch on Monday 23rd April a significant reprice of fixed rates across its entire product range. In a move designed to increase its market share within the specialist lending sector in 2007, Platform has reduced rates by as much as 0.75%.
Homeowners look to offset the shock of higher rates
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.
Making your savings work for you
As people are recovering from Christmas spending, Britannia is helping people to save by knocking thousands of pounds off their mortgage.
Offset opportunities make sense for savers
Offset mortgages are suitable for more borrowers than people may think, according to new figures.
N&P launches new offset mortgage products
Norwich and Peterborough Building Society (N&P) is launching two new Offset Tracker mortgage products with immediate effect.
Offset your savings with Britannia
As people indulge in Christmas spending, Britannia is helping people to save by knocking thousands of pounds off their mortgage.
Happy birthday Intelligent Finance
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.
How do you earn over 9% on your savings?
As the Bank of England raised base rate by 0.25% earlier this month many mortgage holders will be assessing the impact on their monthly outgoings, particularly if, as some market commentators predict, the Monetary Policy Committee decides on a further increase early next year.