Save money with an offset mortgage.
Offset mortgage deals allow home-owners to pay off their mortgage far more quickly than standard mortgage deals. While savings are used in the repayment calculation, access to them is still allowed.
Most home-owners look for ways to reduce costs, many regularly switch their car and home insurance or energy provider to achieve the best deal. However many are missing out on the most important saving to be made and that is on their mortgage.
For most mortgage payments are the largest monthly out going and many miss out on the best deals.
An offset mortgage can significantly reduce a mortgage term, saving home-owners thousands of pounds over their mortgage. Yet only 7% of mortgage-holders have considered an offset and fewer still have taken one out.
During challenging economic times when savings interest rates are low, it is advisable to make your money work harder. You would probably benefit far more using your savings to offset your mortgage then keeping them separate hoping saving rates will improve.
Most home-owners are scared of offset deals, assuming such products are complicated and only work for the rich. Offsets in reality are reasonably straightforward but required money management.
Offset mortgage options are available across a range of lenders products, and Deal Direct are up to date on what is offered and the lender criteria required.
For a full explanation of an offset, advice as to whether this is the right product for you and comparison of the leading market rates contact Deal Direct today.
Call an adviser for an offset mortgage quote.
