Pegged at 0.25 per cent above the Bank of England Rate until 1 May 2008, it offers flexible features including full offset facilities. For borrowers looking to remortgage, the deal also provides a refunded valuation and free basic legal work.
Commenting on the deal, James Cotton, mortgage specialist at L&C said: "Offset deals are fast becoming part of the mainstream thanks to lower rates and better choice for borrowers. The rate on this new deal is very close to standard deals, particularly for remortgages and it should appeal to anyone looking to reap the benefits of offsetting and not just those with large amounts of savings."
