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Bristol & West improves offset range

The specialist lender now has five standard offset loans available, in addition to offset mortgages for self certification and Buy-to-Let customers.

The range ensures that there is an offset loan available to meet every possible need. A range of rates and terms are available, including, two year capped offset mortgage, 5.74% for term, capped at 5.95% for two years.

An offset tracker mortgages for larger loans at 5.30% with a fees assisted version at 5.50%, minimum loan size £150,000. There are also offset deals for smaller loans starting at 5.40%.

The mortgages make the benefits of offsetting available to a wider range of borrowers, enabling them to save thousands of pounds and reduce the term of their loan through efficient use of their savings.

Borrowers have easy access to their savings so that they are able to withdraw savings swiftly if they are needed in an emergency or for a

special purchase.

Overpayments, underpayments and payment holidays are just some of the benefits of offsetting, while clients taking standard offset mortgages are given additional borrowing limits, which can prove useful for a wide variety of purposes.

Interest is calculated on a daily basis to ensure that borrowers make the most of any payment they make.

Dominic Toller, head of marketing at Bristol & West Mortgages, says: “Offset mortgages are now a mainstream option for homebuyers. What started as a niche product has now evolved into one of the most popular mortgage choices for many people.

“Our new range of offset mortgages gives homebuyers a wider choice than ever before, with some of the most competitive rates on the market.”

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