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Fixed offset mortgage
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mattg4321
Posts: 26 Forumite
Currently on the lookout for a fixed offset mortgage. LTV is 30%.
Waiting to hear back from my broker, but wanted to do some research myself too.
Why do some banks make a simple list of mortgage products so hard to find! Also, offset mortgages don’t seem to be part of any of the comparison searches!
So far I’ve only found one from YBS really. Anyone know of any others?
So far I’ve only found one from YBS really. Anyone know of any others?
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Coventry are usually good for offsets, though I haven't checked recently.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.1
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@mattg4321 No comment on its accuracy/completeness, but the Moneyfacts comparison lets you filter for offset productsmattg4321 said:Currently on the lookout for a fixed offset mortgage. LTV is 30%.Waiting to hear back from my broker, but wanted to do some research myself too.Why do some banks make a simple list of mortgage products so hard to find! Also, offset mortgages don’t seem to be part of any of the comparison searches!
So far I’ve only found one from YBS really. Anyone know of any others?
https://moneyfacts.co.uk/mortgages/
Off of the top of my head, for fixed offsets I think it's FD and YBS among the direct-only lenders, and Scottish Widows, Accord and Coventry otherwise. There are a few discount/tracker offset products as well from other lenders.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.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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Barclays do offset mortgages0
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Coventry still do offset mortgages. I have had an offset mortgage with them for nearly 5 years. The fixed rate comes to an end in December, but I highly recommend it. It has been very satisfying to save money in the offset to the max so we are not paying 'interest' at all.0
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They are not as good as they used to be.
Margins & fees went up to make them less attractive.
Might have changed as both mortgage and saving rates have climbed since the last time I looked about a year ago.0
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