Select Page
Home » Mortgage FAQs » What is an offset mortgage?

An Offset Mortgage works by ‘offsetting’ a mortgage borrower’s savings against what they owe on their mortgage, therefore reducing the overall amount of interest that they pay.

For example: A Borrower has a £100,000 mortgage
+ £20,000 in savings with the same banking institution

With an offset the borrower only pays interest on the £80,000 difference, which means that the borrower may be able to pay off their mortgage more quickly.

It is possible to link a child’s mortgage to their parents or other relatives’ savings. The savings can still be held in the parents’/relative’s name(s) and are accessible to them in the usual way.

We can visit you

Let us know when is convenient to call round

You can visit us

Come to see us in Cambridge, we have parking

We can call you

Arrange to discuss everything over the phone

We are proud to be members of the Equity Release Council, the NACFB, Air Later Life Academy and the National Skills Academy