No Fee 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.

For many customers with a savings account an offset mortgage could prove to be very useful. By linking your savings account with your mortgage, you could potentially make significant savings on interest payments and even pay off your mortgage ahead of schedule. Most offset mortgages tend to come with an arrangement fee, though there are a number of no fee offset mortgages available on the market.

 

If you had a mortgage of £200,000 and savings of £60,000 for example, an offset agreement could be used to only pay interest on £140,000 of your mortgage.

 

There are a number of banks and building societies who could offer you competitive deals on a no fee offset mortgage.  To ensure that you get the best possible deal available, it is strongly recommended that you compare several no fee offset mortgages to see which benefits each might be able to offer you.

 

To assist you with your search for a no fee offset mortgage, try out our FREE mortgage calulator, which finds details of over 5,000 mortgage products in an instant:

 

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 usually work by allowing you to combine your mortgage with a savings account.  By giving up the opportunity to earn interest on your savings, you could instead reduce the amount of interest you pay on your mortgage loan.

 

An offset mortgage could offer you the following advantages:

 

  • Tax
    Savings will normally be taxed, however if you were to link yours to an offset mortgage, you would not pay income tax on your savings.
  • Flexibility
    An offset mortgage could allow you to make under- and overpayments, as well as take payment breaks.
  • Early Repayment
    As your monthly repayments will tend to be based on the overall loan size, you could effectively overpay each month; this means that you could pay off your mortgage loan ahead of schedule.

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