Woolwich offset mortgages
Make your savings work for you
With an offset mortgage, you only pay interest on the difference between your mortgage amount and the balances in your current or savings accounts. You won’t pay tax on your savings, as they won’t be earning interest, and you can still access them when you need to.
Call us to discuss your options:
0845 677 99971
If you prefer, we can call you back at a time that suits you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Our offset mortgages
| Product | Initial interest rate | Follow on interest rate | The overall cost for comparison is | Application fee | How much could I borrow? | Early repayment charge |
| Offset Barclays loyalty** | 3.29% (BBBR + 2.79%) variable until 31 May '14 | BBBR+ 3.39%, currently 3.89% variable for the remaining term of the mortgage* | 3.9% APR | £749 | 70% (max) of the value of your home | 1% of the original balance upon full redemption until 31 May '14 |
| Lifetime Offset Tracker | 3.69% (BBBR + 3.19%) variable for the term* | N/A | 3.9% APR | £1,499 | 70% (max) of the value of your home | 1% of the original balance upon full redemption until 31 May '15 |
| 2 Year Offset | 3.29% (BBBR + 2.79%) variable until 31 May '14 | BBBR+ 3.39%, currently 3.89% variable for the remaining term of the mortgage* | 3.9% APR | £1,499 | 70% (max) of the value of your home | 1% of the original balance upon full redemption until 31 May '14 |
Additional features
Use our Offset Mortgage Illustrator to find out if you could save with an offset mortgage. This is for illustration purposes only and does not constitute a mortgage quote.
Watch our offset video guides
Is an offset mortgage right for me?
I'm cutting 7 years off my mortgage by offsetting
Important information
1. Opening hours Monday to Friday 9am-8pm, Saturday 9am-2pm. Calls may be recorded for training or monitoring purposes.
Read our call charges and information
.
2. Barclays Bank Base Rate typically follows the Bank of England Base Rate but it is not guaranteed to do so. The Bank of England Base Rate can go up or down and is announced by the Bank of England's Monetary Policy Committee every month.
This information must be read in conjunction with our
legal Information
. A written personalised Key Facts Illustration is available from any Woolwich or Barclays branch or the
Woolwich
website, or call us on the number above.
3. Barclays Bank PLC. Registered in England. Barclays Bank is authorised and Regulated by the Financial Services Authority (FSA), Registered No 1026167. Registered Office: 1 Churchill Place, London, E14 5HP. "The Woolwich" and "Woolwich" are trademarks of Barclays Bank PLC. Buy to Let is not regulated by the FSA.
* BBBR =
Barclays Bank Base Rate
which is currently 0.50%
(effective 6 March 2009)
** Subject to status and availability. To qualify for Barclays loyalty mortgages, customers must have an open and active Barclays personal current account that has been credited with a minimum of £800 in each of the last three months. Customers must be 18 years or over to apply for a mortgage.
