First Direct offers only flexible offset mortgage
Fri, 18 Sep 2009
First-Direct, a premier banking subsidiary of the HSBC group has today claimed their Fixed-Rate off set mortgage is the most flexible on the market.
Borrowers taking the Fixed rate offset deal can choose between 60% or 75% loan to value loan on either its 3 or 2 year offset mortgages which also allow the borrower to choose between lower fees and higher rates or lower rates with higher fees.
First Direct will also allow borrowers to make unlimited overpayments on the mortgage, allowing those with cash to settle their mortgage sooner.
Head of mortgages at First Direct, Jimmy Kelly, said: "We know customers fear that they'll leave fixing their rate until it's too late or fix too early and miss the opportunity to save money and reduce their term by overpaying. The benefit of choosing First Direct's market-leading offset is that customers no longer have to decide between the security of fixing a great rate and flexibility."