News Tag: offset mortgage
November 24, 2009
The benefits of offset mortgages remain a mystery to many, as first direct reveals that 40% of homeowners questioned don't understand how they work and a further 35% only have a rough idea.
Concerned that borrowers are missing out, first direct is encouraging homeowners to get to grips with offsetting because in some cases the savings that can be made are ...
Britons fail to understand the offset mortgage
by Gill Montia
May 20, 2009
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 ...
Offset mortgages more popular as savings rates dwindle
by Gill Montia
