Flexible Offset Mortgages - A great way to help you become Mortgage Free
The mortgage market in the UK was revolutionised in the mid 1990's, when a new breed of mortgages arrived from Australia - the flexible mortgage.
What is a Flexible Offset Mortgage
A flexible offset mortgage makes your money work harder. You can use the balances in your current account, savings or ISA (dependent on which lender you use) to reduce the amount of interest you pay on your mortgage. Because interest is calculated daily, even if your balances change, you can still benefit. And, as you don't receive interest on your current account and direct access savings when offsetting, there is no tax to pay on the amount being offset.
All Offset and flexible mortgages allow you to make overpayments, the more you overpay each month, the quicker you get rid of the debt, and you could potentially save thousands of pounds in future interest payments.
Here's a quick and easy way to get an idea of how much money you could save by offsetting. Just line up the amount you have in savings with the size of your current mortgage. The figures in the box where they meet is what offsetting could save you.
Click here for more information on flexible mortgages.
Contact one of our flexible mortgage specialists to discuss your objectives and a we will provide you with a personalised illustration CONTACT US
0800 197 3900
|
