Current Account Mortgages

A current account mortgage, or offset mortgage, allows you to deduct the savings you hold from the capital of your mortgage. This can be done through a number of methods, but typically in the form of a current account into which your income is paid and outgoings taken out of.

The balance of this account is deducted from the capital of your mortgage, with interest calculated on a daily basis. This allows a current account mortgage holder with disciplined saving to achieve potentially lower interest repayments.
Current account mortgages may not necessarily be for everyone, as they can charge higher rates of interest when compared to other types of mortgage. However, for those with savings or an amount of surplus income, they can provide a faster and cheaper way of paying off a large mortgage. By completing our mortgage enquiry form you will recieve:

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If you need to find out more, use our Guide To Current Account Mortgages.

Initial Rate	Type	Period To	Provider	The Overall Cost For Comparison APR	LTV
4.99%	Discount	Jul 2010	HSBC	6.50%	80%	More
5.34%	Fixed	Jul 2009	Norwich & Peterborough B.Soc.	6.80%	85%	More
5.49%	Discount	Jul 2010	HSBC	6.40%	90%	More
5.59%	Standard	Jul 2033	Northern Bank Ltd	6.00%	75%	More
5.65%	Offset		Beverley	6.30%	75%	More
5.69%	Discount	Jul 2010	Barnsley	7.20%	85%	More
5.69%	Discount	Jul 2010	HSBC	6.40%	90%	More