News Tag: frist direct

May 20, 2009

Offset mortgages more popular as savings rates dwindle

by Gill Montia
Uptake of offset mortgages is rising as savings rates dwindle. According to HSBC-owned lender, first direct, new offset mortgage business rose 16% in the final quarter of last year. The firm asserts that swapping to this type of home loan can reduce the length of a £100,000 25-year mortgage by 33 months and save £18,322 in interest payments over the lifetime ...

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