The new range will emphasise the benefits of offsetting, making savings work more efficiently as borrowers will benefit from paying savings into their easyflex Offset account. By doing this, customers can either maintain current mortgage repayments, reducing their overall mortgage term and saving thousands in mortgage interest, or can reduce their monthly mortgage payments. Borrowers have immediate access to their savings so that they are able to withdraw savings at their convenience.
Tracker
Bank of England Base Rate +0.69%.
Capped
Bristol & West Mortgages are also launching a two-year capped rate product, providing borrowers with both flexibility and security. The rate is guaranteed not to rise over 5.99% until 31 March 2006. Available up to 90% LTV. Borrowers will be able to borrow more at the capped rate or withdraw their savings with no minimum amount and no additional charges.
£1m plus
Within the Bristol & West Mortgages offset range is a mortgage designed especially for those who need to borrow £1m or more. This mortgage is available at 4.34% with all the same features as the offset mortgage.
Attractive features
The original elements of easyflex Total remain attractive and easy to follow and have been incorporated in the new Offset mortgage. Overpayments, underpayments and payment holidays are still available and borrowers can still borrow back overpayments at their current mortgage rate. Both our Self Cert and Buy to Let ranges also include an offset option. These mortgages are offered up to 95% LTV and interest is calculated on a daily basis to ensure that borrowers get the most from any payments they make.
Dominic Toller, Head of Marketing for Bristol & West Mortgages said, “With its competitive rate solutions and exciting new offset facility, our new easyflex Offset has something for everyone while retaining its original simplicity enjoyed by brokers and customers alike”.
