Coventry Offset is a simple, tax efficient, flexible way to use your savings to reduce what you pay for your mortgage, because the interest you earn on your savings goes towards paying off your mortgage each month - we call this the 'Offset benefit'.
- Same great rate of interest on your savings and mortgage - with a choice of Offset schemes.
- Pay no tax - because your savings interest is paid as the Offset benefit directly to your mortgage each month, you get 100% of the benefit - with no tax to pay on your savings.
- Access your savings at any time - with a CashLink card or using our Online Services.
- Take a break - choose to pay nothing for up to 3 months each year - a bit of breathing space when you really need it. (Subject to approval - interest will continue to be added to your mortgage).
Use our Offset mortgage calculator to see how you can benefit by combining your mortgage with your savings.
Find out more about how an Offset mortgage from the Coventry can work for you. You can also get an instant online decision in principle and apply online.
Alternatively, if you prefer to discuss your mortgage with an advisor before you go ahead, please contact us.