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    Understanding the language of conveyancing law: part two

    Confused over life insurance jargon – what do the terms mean?

    Do I have to extend my lease to remortgage?

    Leasehold reforms: How will they impact your home purchase?

    Competition for first-time buyers heats up: But who’s the winner?

    What factors qualify someone as a first-time buyer?

    Divorce amongst over-65s fuels rise in ‘single’ equity release

    Divorce: Can I release equity to buy out my wife?  

    Barclays cuts mortgage rates and offers new sub-4% deals

    Barclays cuts mortgage rates and offers new sub-4% deals

    Lenders cut mortgage rates amid tariff turbulence

    Lenders cut mortgage rates amid tariff turbulence

    We need first-time buyers, so let’s give youth a chance

    Minimum income for Nationwide FTB mortgage cut to £35k

    What should you do if you need to complain about your conveyancer?

    How do I complain about my conveyancer? Advice for homebuyers

    Can I use my mortgage to consolidate my debts?

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    Understanding the language of conveyancing law: part two

    Confused over life insurance jargon – what do the terms mean?

    Do I have to extend my lease to remortgage?

    Leasehold reforms: How will they impact your home purchase?

    Competition for first-time buyers heats up: But who’s the winner?

    What factors qualify someone as a first-time buyer?

    Divorce amongst over-65s fuels rise in ‘single’ equity release

    Divorce: Can I release equity to buy out my wife?  

    Barclays cuts mortgage rates and offers new sub-4% deals

    Barclays cuts mortgage rates and offers new sub-4% deals

    Lenders cut mortgage rates amid tariff turbulence

    Lenders cut mortgage rates amid tariff turbulence

    We need first-time buyers, so let’s give youth a chance

    Minimum income for Nationwide FTB mortgage cut to £35k

    What should you do if you need to complain about your conveyancer?

    How do I complain about my conveyancer? Advice for homebuyers

    Can I use my mortgage to consolidate my debts?

    Can I use my mortgage to consolidate my debts?

  • Buy-to-let
    Lenders cut mortgage rates amid tariff turbulence

    Lenders cut mortgage rates amid tariff turbulence

    Buy-to-let mortgage rates latest: ‘Signs of stability’

    Buy-to-let mortgage activity surges: Is there hope for landlords?

    Halifax launches £750 cashback offer for mortgage borrowers

    Halifax cuts mortgage rates for short-term borrowers

    Boom in UK tourism set to drive holiday home mortgage market

    Buying a holiday let? How to take out a mortgage for your property

    Landlords: Is it worth investing in Houses in Multiple Occupation?

    Landlords: Is it worth investing in Houses in Multiple Occupation?

    Mortgage rates for buy-to-lets: Options for landlords increase

    Mortgage rates for buy-to-lets: Options for landlords increase

    Mortgage rates this week: More lenders make price cuts

    Nationwide cuts mortgage rates: Should you fix a deal now?

    I’ve inherited a property – can I expand into buy-to-let?

    Mortgage rates 2025: Fixed buy-to-let deals increase in price  

    TSB unveils mortgage to help renters and their landlords

    TSB unveils mortgage to help renters and their landlords

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    Understanding the language of conveyancing law: part two

    Confused over life insurance jargon – what do the terms mean?

    Do I have to extend my lease to remortgage?

    Leasehold reforms: How will they impact your home purchase?

    Competition for first-time buyers heats up: But who’s the winner?

    What factors qualify someone as a first-time buyer?

    Divorce amongst over-65s fuels rise in ‘single’ equity release

    Divorce: Can I release equity to buy out my wife?  

    Barclays cuts mortgage rates and offers new sub-4% deals

    Barclays cuts mortgage rates and offers new sub-4% deals

    Lenders cut mortgage rates amid tariff turbulence

    Lenders cut mortgage rates amid tariff turbulence

    We need first-time buyers, so let’s give youth a chance

    Minimum income for Nationwide FTB mortgage cut to £35k

    What should you do if you need to complain about your conveyancer?

    How do I complain about my conveyancer? Advice for homebuyers

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Is offset the option for you?

by admin1
April 27, 2006
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It has also been predicted that by 2009 such home loan products will account for around 30 per cent of total mortgage lending, estimated to be worth almost £85 billion.

At the beginning of 2006, Intelligent Finance revealed that a third of those people looking for a mortgage could benefit from an offset option.

Managing Director, Mark Parker, said: “The industry’s belief in offset is clearly demonstrated by the fact there were only a handful or lenders offering this type of product when Intelligent Finance launched in 2000.

“Our own research illustrates that one in three people can be better off in offset: it is just a matter of time until the market grows to this size.”

To qualify for an offset mortgage, borrowers will already have accumulated savings. This acts to reduce their overall mortgage debt, amount of interest payable and even the mortgage term.

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Confused over life insurance jargon – what do the terms mean?
April 24, 2025
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There is no guide to exactly how much borrowers should have saved, but usually it is set at 10 per cent.

Although, Intelligent Finance have shown that in some cases customers need just eight per cent of their mortgage balance in savings.

This type of mortgage benefits higher earners who have built up a greater level of savings, but for those with no, or little, savings a flexible mortgage would be a better option.

There are many options available, but the offset mortgage is not suitable for everyone. Intelligent Finance urges borrowers to seek advice from a professional before deciding on which mortgage type suits their circumstances the best.

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