Intelligent Finance, the pioneering financial services company who introduced the offset mortgage, were recently voted as the second most popular lender by moneyextra.com. Their flagship product, the offset mortgage, appears to going from strength to strength.
Intelligent Finance themselves have championed the money-saving ability of the offset mortgage since they launched the product. In 2005, their research revealed that 1 in 4 UK mortgage seeking households might save money with an offset mortgage . For 2006, they have reworked these figures to reflect the market; and come up with 1 in every 3. The fresh research indicates that 1 in 3 UK households could potentially save around £312 every year by taking out an offset mortgage loan, and moving their financial dealings to the bank .
Offset mortgages work by including one’s personal savings as equity in a loan, from current account through to ISA’s. This equity then serves to bring down the cost of the loan .
The offset mortgage market is certainly growing, according to Nick Robinson, the MD of Intelligent Finance. He highlights predictions by the research firm Datamonitor, who forecast that the offset and current account mortgage market will constitute 30% of total UK secured lending, by the year 2009. The future looks bright for Intelligent Finance.
Offset Mortgages on the up
Mortgage Quote Line
0845 108 0505
Offset Mortgages on the up
Mon, 09 Jan 2006
Recommended links
Looking for an offset mortgage?Use our mortgage enquiry form
Mortgage protection insurance
Millions to be saved by offset mortgages, IF says
Mortgage lender kicks off offset mortgages
Wealthy borrowers urged to consider offset mortgages
Offset mortgages praised
Offset mortgages for futures, expert says
Offset mortgages worth the hype
New offset mortgages from Coventry
Start saving money with offset mortgages from Leeds and Holbeck
Options for offset mortgages
Offset mortgages becoming more suitable
More savings with offset mortgages
Offset mortgages from Intelligent Finance
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage