Lloyds Bank Offset Mortgages

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1.41%Reverts to 3.75% after 2 years

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

Lloyds Bank is a UK bank that currently has around 16 million customers.  It is a subsidiary of the Lloyds Banking Group, which is also responsible for Halifax and Bank of Scotland. Despite the banks size and wide customer base, those who are looking to take out an offset mortgage from Lloyds are going to be disappointed by the fact that the bank does not currently offer offset mortgages. However, if you already hold an offset mortgage, Lloyds may be able to offer you the opportunity to borrow more on an offset basis.

We have listed a few of what we consider to be some of the best offset mortgage deals that are currently available on the market right now in the product comparison table below.

About you
Your income
Partner income
Income = £95,000
This calculates your maximum loan
Your property
Property value
Your deposit
Borrow = £160,000
Your loan to value (LTV) = 51%
Your mortgage
Mortgage Type
Payment Method
Payment Term

No mortgages were found which match these requirements. Please use the search form above to find mortgages which suit your precise requirements.

Offset mortgages would be a flexible type of mortgage that can be linked to a number of your bank accounts, including current and savings accounts. By forfeiting interest on credit balances, the interest you pay on your mortgage could be significantly lowered.

For example; if a customer had a mortgage of £150,000 and savings of £35,000, they would only pay interest on £115,000 of their mortgage loan.

The widely reported benefits of an offset mortgage are as follows:


  • Flexibility
    An offset mortgage will usually allow you to make over- or underpayments, as well as take payment breaks or withdraw money from your account.
  • Tax benefits
    Savings are usually taxed, though if you link your savings to an offset mortgage, they will be tax-free.
  • Early repayment
    As monthly repayments on an offset mortgage are calculated based on the whole loan, you could effectively ‘overpay’ each month – meaning that you could pay your mortgage back ahead of schedule.

Although Lloyds Bank do not offer offset mortgages, there are many other banks and building societies that do.  Please see the comparison tables above for further information on some of these offset mortgage deals.


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