Bristol and West Offset Mortgages, How Do They Compare?
The Bristol and West offset mortgage is badged under the name Easyflex, with a totally flexible version, as well as self certification and buy to let deals. There is also a partly flexible version that allows overpayments. The Bristol and West offset mortgage allows overpayments which are shown as offset savings and can be used to reduce the term of the mortgage or to reduce the monthly repayments. Either way, borrowers with a Bristol and West offset mortgage will save on interest.
There is currently only one Bristol and West offset mortgage deal with other available if you need a self cert offset. The deal is available at 0.90 per cent above the Bank of England base rate, to give an annual percentage rate (APR) of 0.6 per cent. The maximum loan to value on this Bristol and West offset mortgage is 90 per cent. There is a £699 arrangement fee, a standard valuation fee of between £180 and £890. There is no higher lending charge. There are no early repayment charges for part payment, though full repayment will be charged at 2 per cent of the original loan untill 28/2/09, with a lenders administration fee of £695. This mortgage is available for self certification
