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Analysis: 15 years on, offset has much to offer


The offset mortgage recently celebrated the 15th anniversary of its introduction to the UK market. The product has evolved over the years but many original and critical elements remain the same. 

Although the offset and current account mortgage market started as a niche product, Datamonitor predicted that, by 2009, it would account for 30 per cent of total mortgage lending. This may have been a bit wide of the mark but the popularity of offset has grown substantially over the years.

Rates, too, have made huge strides. According to data from, rates on offset mortgages have plunged to an all-time low. The average fixed rate is said to be priced at 2.65 per cent – more than one percentage point lower than two years ago.

Despite this evolution and the obvious benefits and flexibility, it remains an under-utilised facility for many borrowers and has still to be grabbed with both hands by brokers. On its school report the words “Could do better” may be apt, but there has never been a better time to fully embrace a concept that remains the market’s best-, and worst-, kept secret.


CML - 700

CML launches competition to find next ‘rising star’

The Council of Mortgage Lenders has launched a competition inviting entrants to come up with an idea to help younger borrowers. Entrants must supply at least one answer to the following question: “If lenders want to help my generation, they should…” The CML says: ”Today, we are launching our search for the ‘rising stars’ of […]


Kent Reliance adds SimplyBiz to panel

Kent Reliance has added SimplyBiz Mortgages to its distributor panel. The deal means SimplyBiz members will have access to the OneSavings Bank subsidiary’s range. OneSavings sales and marketing director John Eastgate says: “We’re delighted to welcome members of SimplyBiz Mortgages with direct access to our mortgage products. ”SimplyBiz Mortgages provide their members with outstanding customer […]

China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

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Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


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