Your home may be repossessed if you do not keep up repayments on your mortgage
Designed to offer you control over your finances, our award-winning offset mortgages give you flexibility when you need it.
Offsetting the interest you earn on your savings against the interest you owe can make great financial sense.
You can offset your mortgage against a number of Barclays accounts – including current accounts, savings accounts and even cash ISAs – whether your aim is to reduce your monthly outgoings or pay off your mortgage earlier. The choice is yours.
- Flexibility – overpay additional sums on top of your contractual monthly payments 2
- Accessibility – after you’ve linked an account, you’ll still be able to access your money in the same way
- Freedom – choose to shorten the length of your mortgage or reduce your outgoings
- Choice – link as many as 12 eligible Barclays accounts to your mortgage
- Convenience – manage your mortgage online
|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**||2.79% (BBBR + 2.29%) variable for 2 years||Reverting to BBBR+ 3.39%, currently 3.89% variable for the remaining term of the mortgage *||3.8% APR||£749||75% (max) of the value of your home||1% of the original balance upon full redemption for 2 years|
|Lifetime Offset Tracker||3.19% (BBBR + 2.69%) variable for the term *||N/A||3.4% APR||£1499||75% (max) of the value of your home||1% of the original balance upon full redemption for 3 years|
|2 Year Offset||2.79% (BBBR + 2.29%) variable for 2 years||Reverting to BBBR + 3.39%, currently 3.89% variable for the remaining term *||3.9% APR||£1499||75% (max) of the value of your home||1% of the original balance upon full redemption for 2 years|
|2 Year Offset||2.49% (BBBR + 1.99%) variable for 2 years||BBBR + 3.39%, currently 3.89% variable for the remaining term of the mortgage *||3.7% APR||£1999||65% (max) of the value of your home (Min loan £500,000, max loan £2m)||1% of the original balance upon full redemption for 2 years|
|2 Year Offset||3.29% (BBBR + 2.79%) variable for 2 years||Reverting to BBBR + 3.39%, currently 3.89% variable for the remaining term *||4.0% APR||£1,499||80% (max) of the value of your home||1% of the original balance upon full redemption for 2 years|
A written personalised Key Facts Illustration is available from any Barclays branch or from our dedicated mortgage call centre on 0845 678 99981.
Features of our flexible mortgage products:
- No Higher Lending Charge
- Applications are subject to status and a minimum age of 18
- Mortgages are subject to valuation
- All flexible mortgages require a Barclays Mortgage Current Account
- A first charge over your property is required
- You are strongly recommended to have life assurance in place to cover the full amount of all sums that you may borrow from us under the facility
- Our mortgages are available on an interest-only or repayment basis. For an interest-only mortgage, it is your responsibility to ensure that you have sufficient funds to repay the mortgage at the end of its term
- Woolwich mortgages must normally be repaid by the time you retire or reach the age of 70 years, whichever is sooner, and are not available for business purposes
- We are a responsible lender and, when considering your application for borrowing, we will appraise your financial circumstances. And remember, if you should run into difficulty, please contact us immediately
Tariff of charges
To see our tariff of charges, please read the document 3 below.
Alternatively, you can get our tariff of charges in Braille, large print or audio tape/CD by calling 0800 400 100 4 (via Text Direct if appropriate).
Watch our videos to find out if it’s the right option for you.
Loading Video player...
Is an offset mortgage right for me?
I'm saving about £100 a month by offsetting
I'm saving £18,000 in mortgage interest by offsetting
I'm cutting 7 years off my mortgage by offsetting
Bank with Barclays
If you take out a Barclays Offset Mortgage, this includes a Barclays savings or current account which will link with your mortgage. You can manage your accounts online, over the phone or in branch and we have a wide range of accounts to suit all tastes. If you're switching your current account, we can take care of all the fiddly bits, at no extra cost.