Offset Mortgages - Full Listings
A flexible mortgage linked to a current and/or savings account held with the lender. These are sometimes referred to as Current Account Mortgages (CAM). These mortgages take the benefits of the flexible mortgage and use the funds held in the current and/or savings account to offset the interest e.g. on a particular day a borrower has a mortgage balance of £50,000 and has £2,000 held in their current and/or savings account. The customer is charged mortgage interest on £48,000 i.e. the mortgage balance minus the positive balance held in the current and/or savings account.
Please contact us for details on the rates available for this type of mortgage.
- Telephone: 01443 842 452
- Fax: 01443 841 723
- Address: 1st Floor Unit 6, Charnwood Court, Heol Billingsley, Parc Nantgarw, Cardiff, CF15 7QZ
- info@mortagefinancial.co.uk
