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Abbey for Intermediaries launches flexible offsets

Abbey for Intermediaries is launching a range of flexible offset mortgages, the products are at base rate plus 3.25% and fully flexible.

They products are available up to 75% LTV and have a fee of £1,495.

Clive Kornitzer, chief operating officer at Abbey for Intermediaries, says: “Now is the time for borrowers to take advantage of a mortgage which gives them flexibility; and if they have some savings, it’s even better.

“With savings rates at an all time low, borrowers can deposit savings in the available balance pot and reduce the interest paid on the balance of the mortgage. These fully flexible mortgages allow borrowers to underpay, overpay and take payment holidays too and we expect them to be highly popular with intermediaries looking for a great flexible offset mortgage for their client.”

There are two mortgages in the range, a remortgage product which offers free legals and free valuation, and a homebuyer product with free valuation and £250 cashback on completion. The differential to base rate on both products is guaranteed not to rise for the lifetime of the mortgage.

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