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FOR INTERMEDIARY AND PROFESSIONAL ADVISORS ONLY. NOT FOR CONSUMER USE.

Coventry intermediaries logo0800 121 7788 Monday to Friday 9am - 5pm. Closed on bank holidays.

Offset helps your residential clients save money

With an Offset mortgage, your client’s savings offset the interest they pay on their mortgage, helping them reduce the mortgage term or their monthly mortgage payment, whichever suits them best. Even small regular savings can make a big difference. Our Offset product range includes Interest-only and repayment mortgages for residential properties.

It’s easy to manage and can save your clients money

  • We only charge interest on the difference between the Offset savings balance and the mortgage amount. So, the savings reduce the mortgage interest your client pays
  • Your clients can reduce the term or the monthly mortgage payment – and switch between the two at any time
  • Even small regular savings can make a big difference and your clients can pay into their savings as often as they like with no minimum amount
  • There's no income tax on the Offset savings – ideal for self-employed clients
  • Easy access to savings – your clients can dip in whenever they need to

More reasons to choose us

  • We keep it simple – one Offset savings account linked to the mortgage
  • We have a great range of LTVs and products – for your repayment clients. And a Fixed rate Interest-only range
  • Your clients can apply to borrow more at the same rate (subject to eligibility, LTV and lending policy)
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