4 Year Offset Mortgages

A 4 year offset mortgage may be particularly useful for potential borrowers who have a significant amount of money saved up to put towards their mortgage repayments.


As there are a number of different types of offset mortgage deals available to customers, it is strongly recommended to shop around as much as possible and use mortgage comparisons, in order to find the best mortgage deal available.


Using a 4 year offset mortgage, customers can use any money they may have in a savings account to offset the cost of their interest repayments. These types of mortgages often tend to be quite flexible, and may allow customers to under or overpay as they see fit.


Customers may also be withdraw money from their savings account without charge, however it should be remembered that this will often increase the cost of their interest payments, depending on the amount that is withdrawn.


The comparison table below is a great way of getting information on a number of great mortgage deals.

Offset Mortgage Deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Offset Fixed

1.44%

Reverts to 3.69%

2

Years

60%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Offset Fixed

1.49%

Reverts to 3.69%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Offset Fixed

1.99%

Reverts to 3.69%

2

Years

60%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Offset Fixed

2.09%

Reverts to 3.69%

2

Years

75%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.
Offset Discount

2.29%

Reverts to 4.70%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.
Offset Discount

2.29%

Reverts to 4.70%

2

Years

75%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.
Offset Discount

2.49%

Reverts to 4.70%

2

Years

80%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.
Offset Lifetime Tracker

2.74%

Life of the mortgage

60%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 2.80% APRC. This is the cost of the mortgage over the full term.
Offset Lifetime Tracker

3.14%

Life of the mortgage

60%

NoMore Info >
Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.
Offset Discount

2.49%

Reverts to 4.70%

2

Years

80%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.
Offset

4.95%

Reverts to 4.95%

2

Years

85%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 5.20% APRC. This is the cost of the mortgage over the full term.
Offset

2.95%

Reverts to 4.95%

2

Years

85%

YesMore Info >
Early redemption charges may apply. Overall Cost for Comparison 5.20% APRC. This is the cost of the mortgage over the full term.

*LTV = Loan to value (how much mortgage you have or require in relation to the value of your property).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above Offset mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you contact our independent mortgage broker team at - independent mortgage broker or call on 0117 332 6063

So, if for example the borrower has a mortgage of £260,000 and a linked savings account with £80,000 in it. They will only be charged for £180,000 worth of interest, allowing them to save a significant amount on their repayments.


There are also several other useful benefits afforded to customers who use a 4 year offset mortgage. For the duration of the agreement, although the customer will not earn any interest on their savings, this money will be exempt from income tax. This makes this type of mortgage an attractive prospect for tax payers who may subject to a particularly high rate.


For all their positives, it is worth remembering that many offset mortgages may come with slightly higher interest rates compared to other types of mortgage deal. So it therefore may be worth carefully considering the rates for a particular offer in relation to the amount of money that customers have saved up.


If you are searching for a suitable 4 year offset mortgage, you may wish to see our mortgage comparisons table for more information on the various mortgage deals that are available.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The above mortgage products highlighted on this website are available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker