Offset mortgages explained
Use your savings to reduce the length of your mortgage
If you have savings, why not take advantage of them? Linking your savings or current account to your mortgage could save you thousands of pounds in mortgage interest or reduce your mortgage term. You can still access your savings when you need to – but you won’t pay tax on them as they won’t be earning interest.
View our current offset mortgage rates
Use our Offset Mortgage Illustrator to find out if an offset mortgage is right for you
Your home may be repossessed if you do not keep up repayments on your mortgage
Watch our videos to find out if it’s the right option for you.
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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
Offset Mortgage Illustrator
Use our Offset Mortgage Illustrator to find out if you could reduce your monthly repayments or your mortgage term with an offset mortgage. This is for illustration purposes only and does not constitute a mortgage quote.
- Quick and easy to use
- See how an offset mortgage works in practice
- Find out if an offset mortgage is right for you
Offset could suit you if
- You have any savings
- You are self employed and can ring-fence the money for your tax bills into the offset arrangement
- You invest in a cash ISA. You can offset your Barclays cash ISA to the mortgage arrangement
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.