News Tag: offset

August 19, 2008

First Direct launches offset base rate tracker

by Gill Montia
First Direct, part of the HSBC group, has launched a fee-free offset base rate tracker mortgage. Interest remains at 0.99% above base rate for the term of the mortgage (currently 5.99%) and the lender promises an immediate rate change, following a Bank of England announcement. The loan is only available to remortgagers and is linked to a borrower's savings and current account ...

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