Offset Remortgage

What To Expect With An Offset Remortgage

Red TapeLike other offset mortgages, the offset remortgage is much in demand, as UK home buyers wake up to the benefits of flexibility. The best offset remortgage deals have all the flexible features of other offset deals, with a couple of added incentives for remortgage customers. With flexible remortgages, home buyers can expect to save on a couple of fees that other home buyers might have to pay. These include legal fees and valuation fees, for example. Some offset remortgage lenders also wave arrangement fees and many may offer insurance products as added incentives for flexible remortgage customers.

An offset remortgage will also usually be portable, which means that if buyers move to another property they can move the mortgage without incurring additional mortgage fees. And an offset remortgage will also allow borrowers to overpay, either by paying in a lump sum to the mortgage account or by making a regular overpayment. Offset remortgage customers should also look out for underpayments, as this might be a useful feature if circumstances change. However underpayments and payment holidays could increase the mortgage term and/or the total amount payable.

Offset Remortage Deals

There are numerous offset remortgage lenders who will offer competitive deals including incentives such as free legals and remortgages with a free valuation. The lenders who are operating in this market place include Scottish Widows Bank, Standard Life Bank, Abbey, Coventry Building Society, Woolwich and Norwich and Peterborough Building Society.

Rates will vary on a daily basis but generally you will find rates available that are priced very closely to the Bank Base Rate and beyond. Of course with all mortgages you don't get something for nothing and at this time it is worth pointing out that the lowest interest rate isn't always the cheapest interest rate. Factors such as the length The Right Mortgage For You Imageof the deal being offered (also known as the discount period, the fixed rate period or the rate period) will need to be taken into account as well as the lenders arrangement fees, the lenders administration fees and the interest rate that the deal reverts to once the deal has come to an end.

Is it worth using a broker to sift through all of these deals for you?

We would suggest YES and why not? At the press of a button a fully qualified mortgage adviser will be calling you to discuss what the best offset remortgage deal is most suited to you. With no fees payable to the broker why not use our services and save yourself the hassle and time involved doing the analysis yourself?

Offset Remortgage - How can you be sure that our brokers are offering you the best deal?

Well simply, we have to offer you the most suited offset remortgage deal as that's our job and its what we are qualified to do. We can even e mail you a list of all the available deals that suit your requirements so that you can ensure that the deal that we have quoted you on is top of the list - and if its not the top of the list we will give you the reasons why the other lenders were not suited to you. Now that's transparency!

Bear in mind that interest rates may change without warning, so remember to call us on 0845 6033173 to check for the latest offset remortgage offers

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