Offset Mortgage Interest Rates

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1.54%Reverts to 3.99% after 2 years

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

If you have a significant amount of money saved up, an offset mortgage interest rates are often highly competitive compared with many other types of interest rate deal.

Consumers have never had a wider range of opportunities and information at their disposal when it comes to choosing the mortgage deals that are right for them, so you are advised to compare as many deals as possible before settling on one.

By using an offset mortgage, customers can reduce the cost of their repayments by using their savings to offset their estimated interest costs. Generally speaking, the more money that has been saved, the greater the reduction there will be to the customer’s interest repayments.

Offset mortgages are therefore best suited to customers who will be able to maintain a substantial amount in their linked current and savings account, as any withdrawals or decreases could significantly increase the cost of their interest repayments.

If you are searching for suitable offset mortgage deal, you should consult our product comparisons table:

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.

As an example of how an offset mortgage would work, if a borrower has a mortgage of £230,000 pounds, with a further £80,000 saved up. They could effectively only pay interest on £150,000 of their mortgage, the reduced interest rates allowing them to save a substantial amount of money.

Although this type of mortgage may be highly beneficial for many people, it is also important to remember that the interest rates on offset mortgages are generally significantly higher than many other types of mortgage.

 It is therefore important for customers to ensure that they will have enough money saved to make the loan financially viable in the long term.

When using an offset mortgage, it is also important to remember that no interest will be earned on any money that has been set aside. So it is therefore important to consider whether or not these reduced interest costs will be viable when compared against the interest the borrower would otherwise earn in competitive savings account.  

Find the right offset mortgage deal and interest rates right now by using the product comparison table above.


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