Mortgage lender first direct is offering a new fee-free offset tracker product.
The new mortgage will be at a rate of 0.99 per cent above the Bank of England base rate, meaning the product will offer a starting rate of 5.99 per cent.
As well as having no fee, the offset element of the mortgage means that customers will only pay interest on the difference between the outstanding balance and funds in their current and savings accounts .
Chris Pilling, chief executive of first direct, said: "Our new fee free offset tracker offers a great mortgage rate with no costs at all, apart from the loan itself."
This should help mortgage customers during the current adverse market conditions, he added.
Yesterday, Newcastle Building Society announced that it is to launch a total of 20 new mortgage products including 14 fixed rate mortgages .
Rates on the new mortgage deals start at 5.65 per cent.
New tracker mortgage from first direct
Mortgage Quote Line
0845 108 0505
New tracker mortgage from first direct
Tue, 19 Aug 2008
Recommended links
UK mortgage information and comparison portalMortgage quote form
Mortgage repayment calculator
Loan to value calculator
Maximum borrowing calculator
Compare mortgage deals
Mortgage deals for first time buyers
Best rate remortgages
Mortgage lenders directory
first direct lender profile
first direct mortgage deals
Mortgage broker search
Tracker mortgages
Compare tracker mortgages
Fixed rate mortgages
Best fixed rate mortgage deals
Offset mortgages
Benefits of offset mortgages
Mortgage payment protection insurance
Interest rate changes and the effect on mortgages
Mortgage arrangement fees
Stamp duty rates and calculator
Scottish mortgage guide
Switching mortgage lenders
Mortgage surveys
Conveyancing guide
Mortgages and poor credit ratings
Tracker mortgage deal kicks off
New tracker deal for first-time buyers
Offset tracker mortgage launched
Fixed mortgage rates vs tracker mortgages
NandP unveils new tracker mortgage deal
Bank offers fixed and tracker mortgages at same starting rate
The Coventry launches buy-to-let tracker mortgages
Trackers and discount mortgages best value, expert advises
Best value mortgages on the market are trackers and discounts
Trackers superseding fixed-rate mortgages
Brits unsure about tracker mortgages, AandL finds
Financial services provider launches new tracker mortgage
Leeds tracker mortgage deal extended
Skipton launches 3-year tracker mortgage
John Charcol launches new lifetime tracker mortgage
New tracker option from Mortgage 2000
Tracker mortgages still a good option, expert claims
New capped tracker mortgages unveiled
Tracker mortgages give good value despite forecast rate hike
Tracker mortgages still good value, say experts
John Charcol launches new offset tracker mortgage
Mortgage broker launches offset tracker mortgage
New tracker rate mortgages from GMAC-RFC
Consumers choosing tracker mortgages
Trackers climb as fixed-rate mortgages fall
John Charcol launches tracker mortgages
Tracker mortgages to become more popular, expert claims
Woolwich cuts rate on tracker mortgage
Trackers remain best value mortgages
Charcol: Consider tracker when trying to find a remortgage
Tracker-based mortgages rising
Abbey launches capped and tracker mortgages
John Charcol launches lifetime tracker mortgage
Tracker mortgage kicks off with competition
Halifax raises tracker mortgage rates
Tracker mortgages a better deal, expert claims
Tracker mortgages to "come into their own"
New tracker mortgages claim to be market-leading
Fixed and tracker mortgages combined
Semi-exclusive tracker mortgage offer announced
Tracker mortgages looking like a good option for 2006
Scarborough offers switch-to-fix on tracker mortgages
First-time buyer tracker mortgage from Coventry
Tracker mortgages falling in price, reveals study
First time buyers look to tracker deals
Leeds states Maradona effect may help tracker mortgages
Tracker buy-to-let mortgage available
Consumers warned about tracker rate mortgages
Financial services provider cuts tracker mortgage rates
Abbey raises tracker mortgage rates
Tracker mortgage increase from Nationwide
New tracker mortgages from the Bank of Scotland
NatWest launches buy-to-let tracker
Woolwich revives lifetime tracker mortgage
Borrowers urged to consider tracker mortgages
Alliance and Leicester launches new tracker mortgage range
Expert recommends tracker mortgages
Bradford and Bingley launches new cashback tracker mortgage
New tracker for people looking to find a mortgage
Tracker mortgages could offer value, expert claims
Abbey releases two-year tracker mortgage
Tracker and discount mortgages becoming more popular
Tracker remortgage could be popular
UCB extends tracker mortgage range
Britannia launches new tracker mortgages
Homeowners choose fixed-rate mortgage over tracker
Tracker mortgages uncertain but can offer savings, expert says
Nationwide launches new tracker mortgage
Charcol releases new stepped tracker mortgage
UCB Home Loans launch new three-year flexible tracker mortgage
Mortgage lenders increase interest rates on trackers
Base Rate Tracker Mortgages Explained
| mortgages news |
|---|
| Brown says govt will help to pay mortgages - Thu, 04 Dec 2008 |
| Mortgage lenders fail to pass on rate cut, research finds - Thu, 04 Dec 2008 |
| Interest-only mortgages less popular, figures show - Thu, 04 Dec 2008 |
| 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