Offset Remortgages

Latest Deal - NatWest 2 Year Fixed »NatWest 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.

Compare Offset Remortgage Deals

If you currently have a mortgage and are thinking about switching, an offset remortgage may be well worth considering if you have a significant amount of money that can be set aside. In order to find the best deal on an offset remortgage, customers are advised to shop around as much as possible and to compare different mortgage deals. Use the tables below to compare remortgage offers:

Fixed Rate Remortgage Deals

Provider

Type

Initial Interest Rate

Initial Term

Max LTV*Product Fee 
Fixed

1.42%

Reverts to 3.75%

2

Years

60%

YesMore Info >
  • Call 0800 056 8572 to speak to a NatWest mortgage specialist
Fixed

1.41%

Reverts to 3.75%

2

Years

60%

YesMore Info >
  • Call 0800 096 7962 to speak to an RBS mortgage specialist
Fixed

1.59%

Reverts to 4.70%

2

Years

75%

YesMore Info >
  • Available to all customers
Fixed

1.59%

Reverts to 4.70%

2

Years

75%

YesMore Info >
  • Available to all customers
Fixed

2.39%

Reverts to 4.70%

2

Years

75%

NoMore Info >
  • Available to all customers
  • No product fee
Fixed

2.39%

Reverts to 4.70%

2

Years

75%

NoMore Info >
  • Available to all customers
  • No product fee
Fixed

2.09%

Reverts to 4.70%

2

Years

85%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

2.09%

Reverts to 4.70%

2

Years

85%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

2.49%

Reverts to 4.70%

5

Years

75%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

2.49%

Reverts to 4.70%

5

Years

75%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

2.39%

Reverts to 4.70%

2

Years

90%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

1.94%

Reverts to 3.69%

2

Years

90%

YesMore Info >
  • Call the HSBC mortgage team 0800 077 4336
  • Product fee of £999
Fixed

2.79%

Reverts to 4.70%

5

Years

75%

NoMore Info >
  • Available to all customers
  • No product fee
Fixed

2.79%

Reverts to 4.70%

5

Years

75%

NoMore Info >
  • Available to all customers
  • No product fee
Fixed

2.79%

Reverts to 4.70%

5

Years

85%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

2.79%

Reverts to 4.70%

5

Years

85%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

3.09%

Reverts to 4.70%

5

Years

90%

YesMore Info >
  • Available to all customers
  • Product fee of £999
Fixed

3.49%

Reverts to 4.70%

5

Years

90%

NoMore Info >
  • Available to all customers
  • No Product fee

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.
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yesyesyesyesMore Info >
  • Call 0117 332 6063
  • Independent mortgage advice
  • Experienced administration support
  • Fast Track Service

Find Offset Mortgage Deals

Customers who are coming towards the end of their current mortgage deal may also understandably wish to find a new mortgage that is appropriate for their circumstances. Offset remortgages may provide customers will a number of useful benefits, and may also be available in several formats, such as:

  • An offset tracker remortgage
  • An offset fixed rate remortgage
  • An offset standard variable rate mortgage
  • A buy to let offset remortgage

 

Using an offset remortgage, customers may be able to use any money that has been saved to offset the cost of their interest repayments on their mortgage. So if for example a customer has £130’000 left to repay on their mortgage, and also has £40’000 available that has been saved up. They can use the money to reduce the cost of their interest repayments to £90’000.

 

Any money that is used in this way may also exempt from income tax regulations in many instances, making it a particularly useful arrangement for customers who would normally be subject to higher tax payments.

 

Depending on the circumstances and the provider, customers may also be able to combine the money from both their savings and current account into one to increase the effectiveness of their offset remortgage.

 

If you are searching for a suitable offset remortgage deal, feel free to look at our mortgage comparisons table above for more information on the various remortgage offers that are available.

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