A variable offset set mortgage will essentially have its interest rates subject to change according to the policy of the lender. However using an offset mortgage, your savings will be linked to your mortgage loan, and the interest you earn through your savings can be put towards reducing these rates.
There are several advantages and disadvantages in entering into an offset mortgage, and as such it is always important to compare mortgage deals and choose an agreement that will be best suited to you.
Most offset mortgage deals will vary somewhat in terms of policy depending on the provider, and customers should therefore research these deals as much as possible in order to find the most competitive priced offer. Please see the FREE mortgage calculator below for more information on offers from other providers: