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Abbey launches flexible offset deals

Abbey for Intermediaries has launched a range of flexible offset mortgages, giving borrowers the chance to use their savings to pay off their mortgage while interest rates are low.

The products are at base rate plus 3.25% and fully flexible. They are available up to 75% LTV and have a fee of £1,495.

The range is available for both purchase and remortgage – the remortgage product offers free legals and a free valuation, and the homebuyer product comes with a free valuation and £250 cashback.

David Hollingworth, mortgage specialist at London & country, says: “Abbey gives the opportunity to put savings to better use compared with the dismal returns available on savings at the moment.

“The Abbey product does look good and it’s particularly pleasing to see availability up to 75% with no early repayment charges.”

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