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Offset Mortgages

Make better use of savings with an offset mortgage

With just 33% of Cash ISAs offering a rate above 3%, changing to an offset mortgage may help you make better use of your savings and reduce the interest charged on your mortgage advises Defaqto.

Offset your mortgage as a good alternative to poor savings rates

The Retail Prices Index (RPI) measure of inflation hit 3.7 per cent in January, and when combined with a historically low base rate of 0.5 per cent, this has left consumers with very few opportunities to gain any real return on their savings.

Mortgage market slowly on the up

Analysis from has shown that the supply end of the mortgage market has gradually recovered since reaching its nadir in August this year. However the total number of mortgage products available are still 27 per cent down since the start of the year.

first direct offset lifetime tracker mortgage

Commenting on the new first direct offset lifetime tracker mortgage, Hannah-Mercedes Skenfield, mortgages channel manager at, said:

The Co-op sees rise in mortgage overpayments

New internal data released from The Co-operative Bank Mortgages reveals a 56% year on year increase in the number of customers making mortgage overpayments.

first direct launches lifetime tracker mortgage at 2.58%

first direct has announced the launch of its new market leading offset tracker which tracks 2.08% above the Bank of England base rate (currently 2.58%).

Coventry reduces mortgage rates by up to 0.66%

Coventry Building Society is launching a new mortgage product range with rates lowered by up to 0.66%.

Understanding offset mortgages with first direct

Forty per cent of homeowners don't understand the basic idea of an offset mortgage and a further 35% only roughly know how they work, according to a survey commissioned by first direct.

Leeds launches market leading offset mortgages

Leeds Building Society has launched a range of offset mortgages from only 5.49% that includes a number of market leading products.

first direct remortgage fee free offset trackers

first direct's two new fee free offset trackers launched today, are the best of their type in the market according to Moneyfacts.

first direct offer most flexible offset mortgages

first direct are the only lender offering a fixed rate offset allowing customers to make unlimited overpayments and maintain access to them say Moneyfacts.

first direct launches market leading offset tracker mortgage

first direct has launched a market leading offset tracker mortgage which tracks the bank of England base rate plus 2.48% for the life of the loan.

first direct launches new range of fixed rate offset mortgages

first direct has launched a new range of market beating fix rate offset mortgages. All the new mortgages are available to new and existing customers for both house purchases and re-mortgages.

Yorkshire's Offset Plus mortgage proving popular with parents

Yorkshire Building Society's Offset Plus account is proving to be very popular with parents wanting to help out their children with mortgage payments whilst giving the parent full access to their savings.

Offset and save £18,000

As homeowners adjust to shrinking returns on their savings, research reveals uptake of offset mortgages is on the rise. New offset lending rose 16 per cent in the last three months of 2008.