Woolwich revamps offset calculator
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Woolwich has improved its offset mortgage calculator based on broker feedback to help brokers further illustrate the amounts clients could save by using offset.
The offset calculator now allows brokers to see the interest rate entered and to produce offset illustrations for repayment, interest only and part and part mortgages.
Brokers can also download a version of the calculator for their desktop so that they can use the tool without internet access and can view an online demo on Woolwich’s website.
David Finlay, intermediary business director for Barclays, parent company of Woolwich, says: “The trend for offsetting is extremely popular at the moment as brokers look holistically at clients’ financial situations to take advantage of the historically low interest rates.
“We have listened to brokers and wanted to make sure we give them the right tools to illustrate to their clients the big savings they can make on mortgage repayments.”
Readers' comments (1)
don | 16 Dec 2010 12:37 pm
The latest victim of the new danger was Chris Wood, a carpenter, from Dorset.Buy To Let Mortgage
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