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IF offers intelligent offset

Intelligent Finance

Offset 85% Fixed Rate

Type: Fixed-rate offset mortgage

Fixed term: 4.99%

Fixed rate: Until February 1, 2008

Minimum loan: 100,000

Maximum loan: Up to 85% of valuation subject to a maximum of 500,000

Income multiples: Based on affordability

Flexible features: Overpayments, underpayments, payment holidays, interest calculated daily, lump sum withdrawals, offset feature

Conditions: Free valuation and free legal fees for remortgages

Arrangement fee: 499

Redemption fee: 4% of amount repaid until February 1, 2008

Introducers fee: Refer to lender


Intelligent Finances 85 per cent fixed rate offset mortgage is available for loans of 100,000-500,000 up to a maximum of 85 per cent of valuation.

John Charcol mortgage development manager Elliot Nathan regards this deal as a competitive two-year fixed rate for an offset mortgage. He likes the fact that there are no early redemption charges for part redemption and the fees free incentives for remortgages where valuation fees are refunded and legal fees are free.

When asked what he dislikes about this deal Nathan says: The maximum loan to valuation of just 85 per cent.”

He feels competition will come from Accord Mortgages 4.99 per cent deal at 95 per cent of valuation and Coventry Building Societys deal which is also available at 95 per cent of valuation.


Suitability to market: Good
Competitiveness of rate: Good
Flexibility: Good
Adviser remuneration: Good

Overall 8/10


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