Benefits

Savings and Benefits
It doesn’t matter whether you have a Capital & Interest repayment mortgage or an interest only (Endowment / Investment) mortgage, gradually reducing your mortgage debt creates interest savings and will either leave you with an endowment surplus at the end of your mortgage term, or enable you to shorten the term of your mortgage substantially. Clients who may have fears and reservations that their ENDOWMENT/INVESTMENT may not reach the desired target amount, will be reassured as they see the balance of their mortgage reducing significantly over the term.

Discipline
Mortgage Save 2000 will create a structured discipline for you. We will employ strategic attack on capital. Making capital reductions at the most appropriate and beneficial time. You will save 1000’s of pounds. You will shorten the term of your loan, not just by months, but by years.

Ultimate Security
Your funds are held with Barclays plc. Only written authority from you will allow any withdrawals to be made which then in turn must be approved by the companies official auditors. The auditors will then instruct Barclays to transfer funds either direct to your personal account
or direct to your lender.

It’s Portable and Adaptable
In today’s ever-changing mortgage market it is important that you are able to adapt your plan. It maybe that you are moving house or simply changing your mortgage for a better rate of interest. We will simply re-design your plan to fit your new mortgage arrangements. So when you move home, or move to new lender, your Mortgage Save 2000 account will move with you, without any additional charge.

It’s Easy and Flexible
If at any time you find your circumstances change, the programme can be amended to meet them. If you review your circumstances and want to increase your contributions to the plan, you may do so. This will make even greater savings on the interest you would normally pay your lender. You may wish to pay an additional lump sum into your account. A simple call to one of our customer services advisors will ensure that any amendments to your plan will be activated immediately.