Could an offset mortgage be the solution for beleaguered landlords looking to boost their cash flow? Family Building Society, a relatively new Epsom-based lender, reckons it is. The society has launched a new buy-to-let offset product to help landlords make better use of their savings.
Offset mortgages offer greater flexibility, because they link your savings to your mortgage, reducing the balance on which mortgage interest is charged. For example, if you had a £100,000 mortgage and £20,000 in savings, you would only pay interest on £80,000. The Family Building Society product gives [...]