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Cheaper UK mortgages

Date: Fri, 02 Sep 2005

Another cheap mortgage is to be launched following the recent interest rate cut.

Intelligent Finance has reduced the rate on its Offset 80 tracker mortgage by 0.4 per cent, with the product's two year tracker rate being reduced from 5.39 per cent to 4.99 per cent, to encourage more homeowners to try offset loans.

"We have found that people with slightly lower loan to value mortgages tend to be more active offsetters," said Nick Robinson, managing director of Intelligent Finance.

He added: "The rate reduction on our popular Offset Tracker 80 mortgage is designed to encourage more people, who are in a position to maximise the benefits offset products offer, to try them out."

The product has no extended redemption penalties and it allows customers to benefit from lower effective rates by offsetting money in their current, savings and ISA accounts against their outstanding home loan. Once the introductory period on the mortgage ends, the rate will return to Intelligent Finance's standard variable rate.


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Endsleigh Insurance Services Limited is authorised and regulated by the Financial Services Authority. This can be checked on the FSA Register by visiting its web site at www.fsa.gov.uk/register.
Endsleigh Insurance Services Limited. Company No: 856706 registered in England at Shurdington Road, Cheltenham Spa, Gloucestershire GL51 4UE.