Lenders

Intelligent Finance – UK Mortgage Lender

Intelligent Finance was set up in 2000 by the Halifax to offer online banking services. It is part of the Halifax Bank of Scotland Group.

Mortgage Products

Fixed Rate Mortgages: 2 year and 10 year fixed rate mortgages and remortgages.

Tracker Mortgages: 2 year base rate tracker and 2 year discounted tracker mortgages and remortgages.

A purely online mortgage provider that is part of the Halifax group, Intelligent Finance has the advantage of being part of a large high street chain but with the flexibility and cost saving of an online facility.

One of the main products that is promoted by Intelligent Finance is their easy to manage offset account. With this, a customer has just one account which combines savings, current account and mortgage. This means that although a customer does not gain interest on savings, the savings are effectively offset against the amount owed on the mortgage, reducing the interest due on the debt. The offset mortgage offered is so well renowned that it has won the Your Mortgage award as Best Offset Lender of the Year in 2005 to 2006.

Other products include traditional banking options such as current accounts, savings accounts, loans and credit cards. There are also two insurance products available, including building and contents and also protected payments in the event of sickness or unemployment, both of which can be taken alongside the mortgages offered.

All accounts and products can be opened and managed online although there are also call centres for those that require further advice and information.

Website: www.if.com