The Offset Mortgage Centre Reveals the Most Effective Flexible Tracker Deals
March 29, 2008 (PRLEAP.COM) Business NewsThe Offset Mortgage Centre, the leading offset and flexible mortgage review site, are delighted to reveal the four most cost effective flexible tracker deals for remortgage customers. The article highlights research results, the four best flexible tracker mortgages based on borrowing £90,000 over 25 years, and how to find the right flexible tracker deal. The full article can be viewed at http://www.offsetmortgagecentre.co.uk/flexible-tracker.html
The article starts with research results from mortgage brokers, about the increase in popularity of flexible tracker deals. The article then discusses the four best flexible tracker deals. The first one is from Cheltenham and Gloucester and the article covers the interest rate and the overall cost for comparison. Then fee incentives, such as a rebate or free legal fees are discussed, and lastly the true cost of the mortgage.
The second flexible tracker deal is from Woolwich. The article reveals the percentage of interest above base rate and the overall cost for comparison. The article then discusses the singular redemption administration fee, and how borrowers can reduce the balance on the flexible tracker mortgage without penalty. The true cost of the mortgage is then revealed. The third flexible tracker deal is from Norwich and Peterborough Building Society. The article states the percentage of interest above the base rate, and the fees charged for the mortgage, such as the discharge fee. Finally the true cost of the mortgage is stated. The last flexible tracker deal is from Egg. The article looks at how far the interest rate is set above the base rate, what set-up fees do not have a charge, such as the arrangement fee, and what fees are applicable. Lastly the full cost of the mortgage is stated.
The second part of the article highlights the importance of obtaining impartial advice from a mortgage broker before a flexible tracker deal is bought.
About The Offset Mortgage Centre
The Offset Mortgage Centre provides free professional advice on all aspects of offset and flexible mortgages. The content of their website has been written in co-operation with professional mortgage advisors, and they provide free mortgage quotes on offset and flexible mortgages. For more information on flexible trackers, visit http://www.offsetmortgagecentre.co.uk/flexible-tracker.html