Offset Mortgage

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Put all your money eggs in one basket to save money

An offset mortgage is actually a smart idea: by combining your current account, savings and your mortgage, you could pay significantly less interest on your repayments. It can save you a lot of money, but you'll also lose interest on your savings.

Apply for a free offset mortgage quote

The offset mortgage is a relatively new idea, and all kinds of lenders are getting excited about the concept. Instead of having a current account, a savings account and a mortgage, the bank combines your assets and debts together so if you've got a few thousand quid in the bank, you'll pay less interest on your mortgage.

An offset mortgage can save you an awful lot of money, especially if you're a thrifty type who salts money away. However there are disadvantages too: it's variable rate rather than fixed rate, you won't get interest on your savings, and there's always the temptation to borrow more money instead of paying off what you already owe.

Apply for a free offset mortgage quote