The Intelligent Finance offset mortgage plan lets borrowers use the offset principle by linking their mortgage accounts, current accounts and savings accounts. All these accounts can be combined in different ways so that people earn the most on their savings or save the most on their mortgage interest. With the Intelligent Finance offset mortgage plan, the current account must be linked to the offset mortgage account.
Intelligent Finance mortgage offset deals for home purchasers, existing customers and remortgagers have the following features:
Additionally, remortgagers get the standard valuation refunded and are not charged legal fees.
Borrowers can choose from a range of tracker and fixed rate Intelligent Finance offset mortgage deals. Some of these are available without early repayment charges and some with. There are 14 offset tracker deals available to home purchasers, with arrangement fees between £299 and £1499. Early repayment charges, where they apply, are at 4 per cent of the original special rate advance. The Intelligent Finance mortgage offset plan also includes two offset fixed rate deals, with arrangement fees of £999 and £1499 and early repayment charges of 4 per cent. Most additional borrowing is at the standard variable mortgage offset rate, though on two deals there is a tracker rate for borrowing.
Many of the mortgage deals offer an initial rate, moving to a higher rate after a certain period, with annual percentage rates between 6 per cent and 7.5 per cent.
According to the company the Intelligent Finance mortgage offset deals are ideal for:
You can apply for the Intelligent Finance offset mortgage plan online or get advice from a professional offset mortgage broker.
Good rates and great customer service with instant online decisions, Excellent chain-breaker facility
No high street presence
Offset single and joint accounts and good choice of products
