You are here: Home - News -

Flexible mortgages may be borrowers’ friend

  • 31/01/2003
  • 0
Borrowers are recommended to consider a flexible or offset mortgage to take advantage of the potenti...

Borrowers are recommended to consider a flexible or offset mortgage to take advantage of the potential tax-planning benefits they offer. A key advantage for taxpayers with these products is that their savings, which would normally incur tax on interest, will be offset at the mortgage rate, with no tax to pay.

Mark Harris, director of Savills Private Finance, said: ‘As the end of the tax year approaches, there is a lot of pressure for people to put their tax affairs in order. Offset mortgages are not traditionally thought of as a tax-efficient scheme, but as these products and their advantages become better understood, we would expect them to become more popular.’


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:
The balance of power

Following the sea change prescribed in 2002, what developments will we see this year that could tip the balance of...