Fixed Rate Offset Mortgages Comparisons

Fixed Rate Offset Mortgages Comparisons | Lender Deals Compared

With so many offset mortgage providers offering fixed rate offset mortgages, it's useful to see some fixed rate offset mortgages comparisons. Here's a guide to some of the deals that are available.

To start our fixed rate offset mortgages comparisons, let's take a look at the deals offered by First Direct. The bank offers three fixed rate deals and it is worth making offset mortgages comparisons to see how they stack up. First Direct offers three fixed rate deals, a three-year, a five-year and a ten-year. The first deal offers a rate of 5.39 per cent for three years, reverting to the bank's standard variable rate after the end of the fixed rate period. That rate is currently 1 per cent above the Bank of England's base rate. The overall cost for comparison is 5.9 per cent APR. This is the same as the APR on the five year fixed rate which starts at 5.49 per cent. Continuing with fixed rate offset mortgages comparisons, First Direct offers a ten year fixed rate at 5.29 per cent, with an APR of 5.7 per cent. Arrangement fees of £299 and booking fees of £395 apply to all products.

IF Offset Mortgages

The next stop in our round of fixed rate offset mortgages comparisons is Intelligent Finance, which offers two fixed rate offset mortgage deals. The first is fixed until the start of Febuary 2010. This is available up to 90 per cent loan to value with a fixed rate of 5.89 per cent. Thereafter, the rate is 7.25 per cent for the remainder of the term. This deal has an arrangement fee of £1499. Continuing with offset mortgages comparisons, Intelligent Finance also has a fixed rate offset mortgage with a rate of 6.09 per cent until the start of Febuary 2010. The rate then reverts to IF's standard offset variable rate, which is currently 7.25 per cent. The arrangement fee is £999 which can be added to the loan.

The Leeds Building Society must be included in our fixed rate offset mortgages comparisons as it offers two fixed rate offset mortgage deals. The deals are for fixed for three years until Febuary 2010 and early repayment charges apply until that time. The first deal has a gross interest rate of 6.29 per cent. The second has an arrangement fee of £795 with a gross interest rate of 6.5 per cent. At the end of the fixed rate period, the rate returns to 0.75 per cent above the Bank of England base rate.

Scottish Widows Offset Mortgages

The fixed rate offset mortgages comparisons would not be complete without a look at the deals offered by Scottish Widows Bank. It's worth taking a look at their offset mortgages comparisons table. This shows two fixed rate offset deals for two years. The first, available up to 95 per cent loan to value has a rate of 5.99 per cent until the end of January 2009. The second, available from 75.1 to 90 per cent loan to value, has the same interest rate and no higher lending charge*.

These are only a selection of the offset mortgage deals that are available. For more offset mortgages comparisons, call a professional mortgage advisor on 0845 60 33 173. They have access to the leatest deals from the whole of the market at their fingertips and best of all the advice is Free.

However, please note that The Offset Mortgage Centre cannot advise on or arrange mortgages from First Direct.

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© 2007 and 2008 Offset Mortgage Centre | Terms and Conditions | Privacy Statement | We don't charge a fee for admistration of an offset mortgage. The Offset Mortgage Centre is the trading name of The Mortgage Broker Ltd, (a whole of market mortgage broker), which is an appointed representative of Home of Choice Limited, which is authorised and regulated by the Financial Services Authority | Your home may be repossessed if you do not keep up repayments on your mortgage. *Source - Trigold 8/1/08