You benefit from a low tracker rate and get to offset your savings and current account against the total amount you owe. Take a look at our latest deal below.
Offset Tracker mortgage
• Barclays Bank Base Rate + 0.48%, currently 5.98%, for the term of the mortgage. The overall cost for comparison is 6.2% APR.
• Application fee: £595
• No early repayment charge
With Offset Tracker mortgage mortgage you can:
• Borrow up to 80% of the value of your home.
• Repay any amount without incurring an Early Repayment Charge.
• Choose to set up a Mortgage Reserve, which allows further borrowing at mortgage rates (a Mortgage Reserve is a secured overdraft that enables you to borrow against the equity in your home).
• Make overpayments.
• Make underpayments or take a payment holidays (subject to a Mortgage Reserve). Interest will be charged during the payment holiday period.
** Calculation based on the above product; repayment mortgage of £100,000 over a 25-year term that has been offset with £20,000 savings, resulting in a reduction in mortgage term of 8 years 8 months or a saving of £47,772 in overall interest. Calculation assumes balance remains constant throughout the life of the mortgage and that the mortgage loan and savings balance will vary. Outcomes will be either a reduction in payments or a reduction in mortgage term. No interest is paid on balances offset against the mortgage. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Please read the tariff of charges. This information must be read in conjunction with our legal information. * Lines are open Monday to Friday 9am-8pm and Saturday 9am-2pm. Calls may be monitored and/or recorded for security and training purposes. | Link to previous articles: Barclays Woolwich Remortgaging Barclays Woolwich: Fixed Rate buyer mortgages Barclays Woolwich: First-time buyer mortgages Barclays Woolwich Mortgages: Buying your first home Alliance Leicester :Guide to remortgaging Alliance Leicester guide to moving home |
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