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remortgage offset - any good deals?
silvercar
Posts: 49,793 Ambassador
Looking to remortgage my offset. Would go to a broker but chances are I will stay with my current lender so there would be no commission available.
Searching for linked savings offset (rather than current account). 250k mortgage. Excellent credit rating. Low salary multiples and low LTV, so shouldn't be a problem, just want to find the best rate! Looking for best rate over 3 years.
Coventry BS have offered 5.95% with £2000 fee or 6.05% with £800 fee.
Need a lender that isn't likely to go bust in the next few years as not 100% sure that offset savings account would be protected by FSCS above 35k level, even though mortgage would be with the same lender.
Grateful for any help.
Searching for linked savings offset (rather than current account). 250k mortgage. Excellent credit rating. Low salary multiples and low LTV, so shouldn't be a problem, just want to find the best rate! Looking for best rate over 3 years.
Coventry BS have offered 5.95% with £2000 fee or 6.05% with £800 fee.
Need a lender that isn't likely to go bust in the next few years as not 100% sure that offset savings account would be protected by FSCS above 35k level, even though mortgage would be with the same lender.
Grateful for any help.
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Comments
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Scottish widows @5.75 (base rate) for 2 years £1499 fee, free legals £250 refund for valuation.I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
have a look at yorkshire building society 3 / 5 year deals
very very happy with them
you can also have several accounts offseting mortgage
ie dad, mum, wife, yourself safeguard fscs 35k ???? limit each
please check IF safe
think long term can you clear 250k in three years !! 5 year deal may be better ?? good luck0
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