First Direct have launched two new offset mortgages that they hope will tempt more consumers into taking on this type of agreement.
The two and five year fixed rate offset deals come with interest rates of 4.75% and 4.99% respectively before reverting to a SVR of 6.5%.
The group claim that these deals also come with ultimate flexibility, allowing consumers to pay more or less when it's convenient for them whilst also allowing to be free from the agreement whenever they choose.