An Intelligent Finance One-Year Fixed-Rate Offset mortgage has been launched today, with a rate fixed at 4.55 per cent for 12 months.
This will revert to track the Bank of England base rate plus 0.69 per cent - a rate which would currently be 5.19 per cent.
The product is available at up to 85 per cent loan-to-value for a minimum amount of £100,000 and has remortgage incentives of refunded valuation and legal fees.
A flexible option of making part lump sum overpayments without incurring any early repayment charges is also incorporated into the Intelligent Finance One-Year Fixed-Rate Offset mortgage.
"Our one-year fixed offset offers customers the best of both worlds - monthly repayment security at a best buy price combined with a superb value term tracker," said Mark Parker, managing director of Intelligent Finance.
"Intelligent Finance's ethos is to provide flexibility and choice for our customers and this is a fantastic deal."
The company also announced a change to its large loan offset mortgage, which is now available for loans from £200,000 and will track at 0.05 per cent above the base rate - currently 4.55 per cent - until July 1st 2008.
This offer and the Intelligent Finance One-Year Fixed-Rate Offset mortgage will launch on May 9th.
