Best Offset Mortgages | How To Find The Best Offset Mortgages

How First Time Buyers Can Find The Best Offset Mortgages

Finding the best offset mortgages is not always as simple as it seems. The definition of the best offset mortgages will vary depending on the different circumstances of each individual borrower. That's why professional offset mortgage brokers and independent financial advisers take detailed financial histories before recommending an offset mortgage deal. Online financial comparison sites seek similar details before choosing the best offset mortgages.

The best offset mortgages for first time buyers might be those that have a 100 per cent loan to value. There are not many of those available. However, many lenders lend up to 95 per cent, although in the current market climate even the availability of 95% mortgages is diminishing Higher lending charges may apply to any mortgages over 90 per cent loan to value and these may inflate the true cost of the offset mortgage deal. Interest rates on loans of this type are unlikely to be the best, so what looks good at the start may not actually be one of the best offset mortgages.

Financial Comparison Sites

Even the financial comparison sites do not agree on the best offset mortgages for first time buyers. Only two financial comparison sites allow visitors to search specifically for offset and current account mortgage deals and their results for first time buyers are very different. If you were to search for the best offset mortgages for a first time buyer with an annual income of £30,000 who wants a 85 per cent mortgage, you would find different comparison websites offering different results for best offset mortgages.

Why is this?

Well it is very hard for anyone other then a mortgage broker or IFA to determine exactly what is meant by best offset mortgages. When you are searching for the 'best deal' and land up on a comparison website what does the term 'best' mean? Does it mean the best interest rate? Is it the best deal over a 20 year period or is it the best deal based on the level of flexibility that the mortgage product offers you? When searching for best offset mortgages if you don't use the services of a broker and choose to use a financial comparison website one of two things will happen. Either the website will either quote its own 'best deals' (Based on what information?) or they will take your details and sell the information to a broker such as ourselves so that we can answer the question for you in a compliant and professional manner.

What do we recommend?

Save yourself the time and frustration and call one of our fully qualified offset mortgage advisers now. Tell the adviser what's important to you in regard to the features that the mortgage deal must offer. Once we have this information we will be in a position to provide you with some detailed illustrations based on your individual circumstances and of course we will be highlighting the best offset mortgages for you.

Why we don't list the best offset mortgages!

Hopefully it is obvious now why we don't list the best deals as if we did we wouldn't be offering you the personalised service that we are renown for and in summary. The deals are that are offered outside of a mortgage broker or IFA may not always match your circumstances exactly and interest rates can change without warning. That's why buyers in search of the best offset mortgages need to consider professional mortgage advice to ensure that the latest and best offset mortgage deals and rates are at their fingertips.

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