This flexible offset mortgage is equally suitable whether it's a mortgage for your main home, or if you wish to borrow to buy a second property in the UK for your own or your family's use (not buy to let). Whether it's a holiday home in the country, or somewhere for a son or daughter whilst at university this mortgage offers great value for money.
This mortgage has offsetting features. Offsetting means that if you have funds in other accounts alongside your mortgage you'll only be charged interest on the net balance owing e.g. if you had a £100,000 mortgage and £10,000 savings you would receive no interest on your savings but only pay interest on £90,000 of your mortgage. This has the effect of earning the same rate of interest on your savings as you pay on your mortgage with no tax deducted from your savings. Up to 90% borrowing is available with no higher lending charge and no early repayment charge.
Solicitors Fees
The Financial Services Authority does not regulate conveyancing activities.
In our experience £100's of pounds could be saved on solicitors charges for conveyancing all around the country.
As part of our processing of individual mortgage applications we can find very competitive solicitors (regardless of area) who are experienced in the property market - all at no extra cost.
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