RSS Feed

Offset Mortgages

Borrowers realising the benefits of flexible offsetting account

With interest rates at historically low levels Yorkshire Building Society has seen a sharp increase in the number of borrowers choosing offset mortgages.

The onset of offset

Competitively priced offset mortgages mean they dominate the mortgage landscape in many countries, but in the UK it has traditionally been a different story - until now.

Coventry's offsets just got even better

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 launches new offset mortgage

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 offset mortgages just got better

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 cuts offset rates

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 launches market leading fixed rate 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.

Small business owners’ big plans for mortgage free future

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 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 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.