Current Account Offset Mortgage

Latest Deal - NatWest 2 Year FIXED »

Call FREE - 0800 158 2934 

1.32%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.

If you have substantial savings that you would like to set to work reducing the amount of interest you pay and the overall cost of your mortgage, some kind of offset mortgage and current account deal may worth serious consideration.


An example of how an offset mortgage deal would work would be:  you have a £200,000 mortgage loan and you have £50,000 savings, you will only have to pay interest on the first £150,000 of the mortgage loan.


Offset mortgages are great for people who perhaps have a more irregular income because you can make underpayments in times when your salary is reduced and if you receive bonuses or rely on commission you can make overpayments, which enable you to pay off your mortgage in a shorter time frame than the term established by your lender.


The offset mortgage is flexible precisely because you can make underpayments, overpayments and take holiday payments. In choosing to offset your current account against your mortgage loan you may end up saving a considerable amount of money on your interest payments and mortgage loan.


It is worth taking a look at our comparison tables to find the best offset mortgage deal for you:

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

An offset mortgage is a particular type of interest rate deal in which your lender will combine your current account, savings account or credit card with your mortgage loan.


However, a current account offset mortgage is not for everybody, and they are especially suited to people in a certain situation.
An offset mortgage may be for you if you:

 

  • Have a current account with substantial funds
  • Are self employed or a business owner
  • Have considerable savings
  • High rate taxpayer


It is important to consider alternative types of mortgage interest rate deals:

 

  • Fixed rate interest rate deal – this type of interest rate deal ensures that you pay the same fixed rate of interest until the set term ends
  • Tracker mortgage interest rate deal – in this type of interest rate deal the rate traces the Bank of England base rate


Take a look at the table above to see some of the best offset mortgage deals around at the moment.

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