Current Account Mortgages

Current Account Mortgages

Compare Current Account Mortgages

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
0.99%
Reverts to 3.54%
Max LTV
60%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed - Green Mortgage
Initial Term
2 Years
Initial Interest Rate
1.04%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

*
Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.05%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
“Market Leading 2 Year Fixed Rate”
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.14%
Reverts to 3.54%
Max LTV
75%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed - Green Mortgage
Initial Term
2 Years
Initial Interest Rate
1.17%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call RBS FREE on 0800 096 7447
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.18%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.59%
Reverts to 3.54%
Max LTV
80%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.84%
Reverts to 3.54%
Max LTV
85%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.88%
Reverts to 3.59%
Max LTV
80%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed - Green Mortgage
Initial Term
2 Years
Initial Interest Rate
2.14%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

*
Type
Fixed
Initial Term
2 Years
Initial Interest Rate
2.15%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
2.15%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

There are no tables for this criteria

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.09%
Reverts to 3.54%
Max LTV
60%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 2.40% APRC. This is the cost of the mortgage over the full term.

Type
Fixed - Green Mortgage
Initial Term
5 Years
Initial Interest Rate
1.12%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

*
Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.13%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.29%
Reverts to 3.54%
Max LTV
75%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 2.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed - Green Mortgage
Initial Term
5 Years
Initial Interest Rate
1.38%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

*
Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.39%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.89%
Reverts to 3.54%
Max LTV
80%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 2.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.09%
Reverts to 3.59%
Max LTV
80%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.29%
Reverts to 3.54%
Max LTV
85%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed - Green Mortgage
Initial Term
5 Years
Initial Interest Rate
2.49%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call RBS FREE on 0800 096 7447
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.50%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.50%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

There are no tables for this criteria

Type
Life Tracker
Initial Term
Term of Mortgage
Interest Rate
1.99%
Max LTV
60%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 2.00% APRC. This is the cost of the mortgage over the full term.

Type
Life Tracker
Initial Term
Term of Mortgage
Interest Rate
1.99%
Max LTV
75%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 2.00% APRC. This is the cost of the mortgage over the full term.

Type
Life Tracker
Initial Term
Term of Mortgage
Interest Rate
2.44%
Max LTV
80%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 2.50% APRC. This is the cost of the mortgage over the full term.

Type
Life Tracker
Initial Term
Term of Mortgage
Interest Rate
2.99%
Max LTV
85%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.59%
Reverts to 3.54%
Max LTV
80%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.84%
Reverts to 3.54%
Max LTV
85%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.89%
Reverts to 3.54%
Max LTV
80%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 2.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed First Time Buyer
Initial Term
2 Years
Initial Interest Rate
2.14%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£500 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
2.14%
Reverts to 3.54%
Max LTV
90%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
2.15%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.29%
Reverts to 3.54%
Max LTV
85%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed First Time Buyer
Initial Term
5 Years
Initial Interest Rate
2.49%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£500 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.50%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed First Time Buyer
Initial Term
2 Years
Initial Interest Rate
2.69%
Reverts to 3.59%
Max LTV
90%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£500 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed First Time Buyer
Initial Term
2 Years
Initial Interest Rate
2.69%
Reverts to 3.59%
Max LTV
90%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£500 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.79%
Reverts to 3.54%
Max LTV
90%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.30% APRC. This is the cost of the mortgage over the full term.

Type
Offset Fixed
Initial Term
2 Years
Initial Interest Rate
3.19%
Reverts to 3.54%
Max LTV
60%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

Type
Offset Fixed
Initial Term
2 Years
Initial Interest Rate
3.19%
Reverts to 3.54%
Max LTV
75%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

Type
Offset Tracker
Initial Term
Base Rate Tracker Offset
Initial Interest Rate
3.29%
Max LTV
60%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.40% APRC. This is the cost of the mortgage over the full term.

Type
Offset Tracker
Initial Term
Base Rate Tracker Offset
Initial Interest Rate
3.29%
Max LTV
75%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.40% APRC. This is the cost of the mortgage over the full term.

Type
Offset Flexible
Initial Term
Life of Mortgage
Initial Interest Rate
4.25%
Variable
Max LTV
80%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.

Type
Offset Flexible
Initial Term
Life of Mortgage
Initial Interest Rate
4.25%
Variable
Max LTV
80%
Product Fee
Yes
Call RBS FREE on 0800 096 7447

Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
2 Years
Initial Interest Rate
0.94%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
Call RBS FREE on 0800 096 7447

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
2 Years
Initial Interest Rate
0.94%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
0.99%
Reverts to 3.54%
Max LTV
60%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
2 Years
Initial Interest Rate
1.07%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.09%
Reverts to 3.54%
Max LTV
60%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 2.40% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
5 Years
Initial Interest Rate
1.13%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.14%
Reverts to 3.54%
Max LTV
75%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.29%
Reverts to 3.54%
Max LTV
75%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 2.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
5 Years
Initial Interest Rate
1.30%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934

Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
5 Years
Initial Interest Rate
1.30%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
Call RBS FREE on 0800 096 7447

Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
2.29%
Reverts to 3.54%
Max LTV
85%
Product Fee
Yes
Call First Direct FREE on 0808 296 5500

Early redemption charges may apply. Overall Cost for Comparison 3.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
2 Years
Initial Interest Rate
2.82%
Reverts to 3.59%
Max LTV
90%
Product Fee
Yes
Call RBS FREE on 0800 096 7447

Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed - Green Mortgage
Initial Term
2 Years
Initial Interest Rate
1.04%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

*
Type
Fixed - Green Mortgage
Initial Term
5 Years
Initial Interest Rate
1.12%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

*
Type
Fixed - Green Mortgage
Initial Term
2 Years
Initial Interest Rate
1.17%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

*
Type
Fixed - Green Mortgage
Initial Term
5 Years
Initial Interest Rate
1.38%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call RBS FREE on 0800 096 7447
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed - Green Mortgage
Initial Term
2 Years
Initial Interest Rate
2.14%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call NatWest FREE on 0800 158 2934
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

*
Type
Fixed - Green Mortgage
Initial Term
5 Years
Initial Interest Rate
2.49%
Reverts to 3.59%
Max LTV
85%
Product Fee
Yes
New Green Mortgage Offer – take advantage of reduced rates if you’re buying an energy-efficient home, with an Energy Performance Certificate (EPC rating) of A or B

Available to first-time buyers and existing homeowners, for residential purchases only

Call RBS FREE on 0800 096 7447
£350 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Current Account Mortgages

A current account mortgage, or offset mortgage, allows you to deduct the savings you hold from the capital of your mortgage. This can be done through a number of methods, but typically in the form of a current account into which your income is paid and outgoings taken out of.

The balance of this account is deducted from the capital of your mortgage, with interest calculated on a daily basis. This allows a current account mortgage holder with disciplined saving to achieve potentially lower interest repayments.

Current account mortgages may not necessarily be for everyone, as they can charge higher rates of interest when compared to other types of mortgage. However, for those with savings or an amount of surplus income, they can provide a faster and cheaper way of paying off a large mortgage.

If you need to find out more, use our Guide To Current Account Mortgages. Or, see below for other mortgage options.

Some additional points about current account mortgages include:

  • The current account and the mortgage would be combined, so you would receive one statement and balance for both
  • For instance, if you had £1,000 in your current account and owed £90,000 on your mortgage, your balance would read as -£89,000
  • Your balance would be calculated every day, and you pay interest only on this balance
  • You may also be able to combine savings into this bank account, to further reduce your debts
  • You could also add other debts, such as from credit cards or other loans, to this account; typically, the same level of interest will apply to these as the mortgage.

Opening your current account for a mortgage could be beneficial to you as it could allow you to place all of your debts into one account.

By using your current account balance to offset your mortgage, you could also pay less interest. If you are unsure of your options you should seek independent financial advice.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE