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Paul Kaye, general manager, sales said, "We have looked at this range carefully and, following customer feedback, delivered some market-leading mortgages. These include fee assisted offset options that provide peace of mind over a two-year period.
"Offsetting can save customers interest on their mortgage, enabling them to pay it off quicker and provide a higher tax efficient equivalent savings rate compared to a normal investment product. Savings are also kept in a completely separate account, so there is no need for a fundamental re-organisation of finances, and customers have unlimited access to them at any time, providing outstanding flexibility and excellent peace of mind."
The range starts at 3.40 per cent, offers mortgages up to 80 per cent loan to value and there is no higher lending charge. At this rate, the savings are earning the equivalent of 5.67 per cent and 4.25 per cent for borrowers who pay 40 per cent and 20 per cent tax respectively. There are also fee assisted options, which also benefit from a free valuation, free in-house legal services for remortgages and no completion fee.
Paul added, "These offset fixed rates will prove popular with those customers who wish to maintain complete flexibility with their savings, require help with upfront costs and require peace of mind."
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