Offset Mortgages for the Self Employed

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.

There are on average 3.5 million self employed people in the UK and this means that the demand for offset mortgages for self employed was always likely to remain substantial.


There is a potential that offset mortgages suit self employed people in a number of ways:

 

  • No income tax on your savings because any money you have saved is regarded as a mortgage
  • Flexible features – underpayments, overpayments and payment holidays
  • You can make early payments to reduce the size of your mortgage with no early repayment charge (ERC), enabling you to repay your mortgage loan before the end of the term set by your lender.


It is important to make a thorough comparison of offset mortgages if you are self employed. Take a look at our FREE mortgage calulator below to compare a variety of lenders and offset mortgages, which are suitable for the self employed:

 

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.

You should compare as many mortgage deals as possible before committing to any given loan in order to find the most competitive mortgage deal.


If you work for yourself or run your own business, you may not have as steady an income as someone who works within an established organization for an employer. If you are self employed and wish to take out a mortgage loan, you may consider taking out an offset mortgage loan.


By offsetting your savings against your mortgage loan you can reduce the amount of interest you pay on your debt because the interest earned on your savings is used to reduce the interest on your loan.


It is also important to recognize that you will not have to pay any income tax on your savings if you enter into an offset mortgage deal. This could mean that, in addition to saving money by reducing the overall size of your mortgage through early payments, you could also save money in avoiding tax payments.


With these things in mind, you should take a few moments to look at some of the great offset mortgage deals we have featured in our product comparison tables.

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