Offset Mortgage Calculator

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.

Mortgage calculators provide you with an estimate of how much money you could save if you choose to take out an offset mortgage loan.


If you require a precise figure it is wise to speak to a mortgage advisor who will be able to take your financial circumstances into consideration when deciding how much money you can save.


Mortgage calculators will ask you for the following information:

  • What type of buyer you are – first time buyer, remortgaging, or switching lenders
  • The value of your property
  • The deposit you are able to put down
  • Your preferred type of mortgage
  • Your preferred method of payment
  • The length of your mortgage term


Before committing to any particular deal you should use the offset mortgage calculator on the left hand side of this page to determine an estimate for the amount of money you could save.

Offset Mortgage Deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Offset Discount

2.49%

Reverts to 4.70%

2

Years

75%

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 Discount

2.49%

Reverts to 4.70%

2

Years

75%

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 Discount

2.69%

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 Discount

2.69%

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.

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.

An offset mortgage may be beneficial for you if you:

 

  • Are a person with a less regular income (perhaps relying on bonus and commission for your salary)
  • Are a higher rate taxpayer
  • Have a high level of savings
  • Have to pay school fees
  • Have buy-to-let properties


It is a good idea to fully research the various mortgage lenders who offer a range of offset mortgage loans. You may wish to use our comparison table and offset mortgage calculator to gain a clear idea of the types of offset mortgages available and the range of lenders who offer them.


You will need to choose your preferred method of repayment. One of our mortgage advisors will be able to help you decide between the following:

 

  • Repayment – this type of repayment method consists of monthly payments with the interest owed during that month.
  • Interest only – this type of repayment method consists of monthly interest payments and separate payments into an individual savings account to repay your mortgage at the end of its term.


Make sure to use the offset mortgage calculator on the left hand side of this page and glance over our comparison table for offset mortgage deals before you settle on any particular policy.

 

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