Nationwide Offset Mortgages

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.

Nationwide have a strong presence on the UK high streets and have a large number of branches located throughout the UK. Unfortunately Nationwide offset mortgages are not currently available, but they do claim to provide flexible mortgage deals that may allow customers to switch their current interest rate agreement any point throughout their current agreement.

 

To find the most competitively priced offset mortgage deals available, it is advisable to shop around and research the market using mortgage comparisons as much as possible.

 

Although they are not current offered by Nationwide, offset mortgages can be highly useful for many customers, as they can use their savings to offset their interest repayments. Typically, these agreements are best suited to customers who can afford to commit their savings on a long term basis, as the starting interest rates for these agreements are often relatively high compared to other mortgage deals.

 

Please see the FREE mortgage calculator below for a list of comparisons on mortgages from other providers:

 

About you
Your income
Partner income
Income = £52,000
This calculates your maximum loan
Your property
Property value
Your deposit
Borrow = £125,000
Your loan to value (LTV) = 55%
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 Explained

 

A customer with a mortgage of £200,000 can use their savings, amounting to £40,000, to offset their repayments. As long as this money remains in a linked account, the customer will only be expected to pay interest on 160,000.

 

Although the money held in this account will not gain interest, the customer will not have to pay any tax on their savings while it is being used in this way. For this reason, it is important for customers to carefully consider the long term viability of these types of mortgage deals, as any withdrawals from a linked account can result is substantially higher rates.

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