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. This video explains exactly how it works.
Some people think Offset is complicated but we like to think ours is a bit simpler than the rest. Here’s why...
An Offset mortgage links your client’s Offset savings account to their mortgage to reduce the mortgage interest they’re charged. If you Offset a mortgage of £100,000 with savings of £20,000 we only charge interest on £80,000. We call this the ‘Offset benefit’.
The Offset benefit can be used to reduce the monthly payment or to pay the mortgage off sooner. To keep things nice and easy, our Offset has just one linked savings account. And your clients can save as little or as much as they like. And access their savings any time.
Our Offset products are available in a range of 2 year to 10 year Fixed Rate mortgages and Variable Rate mortgages too. We offer further borrowing at the same rate (subject to LTV and lending criteria).
Ideal for those clients who can make regular monthly savings, however big or small, and like the idea of either paying off their mortgage early or reducing their monthly payments. They might be saving for a tax bill or have a nice bonus they want to tuck away. But they all want their savings to work harder for them.
To find out if our Offset could suit your clients try our calculator today.