Current Account Mortgages

Latest Deal - NatWest 2 Year FIXED »

Call FREE - 0800 158 2934 

1.41%Reverts to 3.75% after 2 years
  • 2 Year Fixed - 60% LTV Deal
  • Call FREE - 0800 158 2934


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

Current Account Mortgage Deals

Speak to an expert about current account mortgages, also known as offset mortgages. Or, for a quick comparison of the latest offset mortgage deals, see the table below:

Fixed Rate Mortgage Deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.41%

Reverts to 3.75%

2

Years

60%

YesMore Info >
  • Call 0800 056 8572 to speak to a NatWest mortgage specialist
Fixed

1.41%

Reverts to 3.75%

2

Years

60%

YesMore Info >
  • Call 0800 096 7962 to speak to an RBS mortgage specialist
Fixed

1.18%

Reverts to 3.69%

2

Years

60%

YesMore Info >

Fixed

1.29%

Reverts to 3.69%

2

Years

75%

YesMore Info >

Fixed

1.59%

Reverts to 4.70%

2

Years

75%

YesMore Info >
  • Available to all customers
Fixed

1.74%

Reverts to 3.69%

2

Years

75%

NoMore Info >

Fixed

1.59%

Reverts to 4.70%

2

Years

75%

YesMore Info >
  • Available to all customers
Fixed

1.64%

Reverts to 3.69%

2

Years

60%

NoMore Info >

Fixed

1.84%

Reverts to 3.69%

2

Years

60%

YesMore Info >

Fixed

2.39%

Reverts to 4.70%

2

Years

75%

NoMore Info >
  • Available to all customers
  • No product fee

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


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

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Tracker

1.59%

Reverts to 3.75%

2

Years

60%

YesMore Info >
  • Call 0800 158 2934 to speak to a NatWest mortgage specialist
Tracker

1.59%

Reverts to 3.75%

2

Years

60%

YesMore Info >
  • Call 0800 096 7447 to speak to an RBS mortgage specialist
Tracker

1.79%

Reverts to 3.75%

2

Years

70%

YesMore Info >
  • Call 0800 158 2934 to speak to a NatWest mortgage specialist
Tracker

1.79%

Reverts to 3.75%

2

Years

70%

YesMore Info >
  • Call 0800 096 7447 to speak to an RBS mortgage specialist.
Lifetime Tracker

2.09%

Life of the mortgage

60%

YesMore Info >
  • Call the HSBC mortgage team 0800 077 4336
  • Product fee of £999
Lifetime Tracker

2.14%

Life of the mortgage

70%

YesMore Info >
  • Call the HSBC mortgage team 0800 077 4336
  • Product fee of £999

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Discount Rate Mortgage Deals

Provider

Type

Initial Rate

Initial Term

Overall Cost for Comparison

Max LTV*Product Fee 
Discounted
Variable

1.79%

Reverts to 4.70%

2

Years

4.30%

75%

YesMore Info >
  • Available to all customers
  • Product fee of £999 (£499 existing customers) 
Discounted
Variable

1.89%

Reverts to 4.70%

2

Years

4.40%

80%

YesMore Info >
  • Available to all customers
  • Product fee of £999 (£499 existing customers) 

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Buy to Let Mortgage Deal Selection

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed
Buy-to-Let

1.95%

Reverts to 4.25%

2

Years

60%

YesMore Info >
  • Call 0800 096 7962 to speak to an RBS mortgage specialist.
Fixed
Buy-to-Let

1.75%

Reverts to 4.74%

2

Years

60%

YesMore Info >
Fixed
Buy-to-Let

1.99%

Reverts to 4.74%

2

Years

75%

YesMore Info >
  • Available to all customers
  • Call 0330 333 3893 to speak to us about this deal
  • Product fee £995

Representative Example:


A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Independent Mortgage Quotes & Advice Service
Mortgage ServiceIndependent Mortgage AdviceMortgage Quotes Tailored to youFast Track ServiceMortgage Protection ReviewGet Quotes
yesyesyesyesMore Info >
  • Call 0117 332 6063
  • Independent mortgage advice
  • Experienced administration support
  • Fast Track Service

Compare Mortgage Rates


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:

  • Professional mortgage advice from an authorised UK mortgage adviser
  • Quotes on leading UK mortgage deals
  • A fast and friendly response

If you need to find out more, use our Guide To Current Account Mortgages. Or, see below for other mortgage options.

Some additional points about current account mortgages include:

  • The current account and the mortgage would be combined, so you would receive one statement and balance for both
  • For instance, if you had £1,000 in your current account and owed £90,000 on your mortgage, your balance would read as -£89,000
  • Your balance would be calculated every day, and you pay interest only on this balance
  • You may also be able to combine savings into this bank account, to further reduce your debts
  • You could also add other debts, such as from credit cards or other loans, to this account; typically, the same level of interest will apply to these as the mortgage.

Opening your current account for a mortgage could be beneficial to you as it could allow you to place all of your debts into one account. By using your current account balance to offset your mortgage, you could also pay less interest. If you are unsure of your options you should seek independent financial advice.

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