Offset mortgages

Offset mortgages

Put your savings to work with an offset mortgage

Reduce your monthly payments or pay off your mortgage sooner by offsetting other accounts with us against your mortgage balance – find out how.

Your home may be repossessed if you do not keep up repayments on your mortgage.

How offset mortgages work

Offset mortgages let you link your current and savings accounts with your mortgage to reduce the balance we charge mortgage interest on. 

How could you save money

For example, if your mortgage balance is £125,000 and you have £25,000 in your current and savings accounts, you could offset it so we charge mortgage interest on £100,000 instead of £125,000. That creates a saving that you can use in 1 of 2 ways.

Use the saving to reduce your payments

You can ask us to use the interest you save to reduce the amount you have to pay each month over the term we agreed in your mortgage offer letter.

Or use it to pay off your mortgage sooner

Alternatively, you can use your savings to help reduce the length of your mortgage by offsetting them against your mortgage balance – and reducing the amount of interest charged.  

How much could offsetting save you?

Use our calculators to see how much you could save by offsetting, what you could afford to borrow and what it might cost. Then get an Agreement in Principle to see if we could lend what you need, and find out how to prepare for your mortgage appointment.

Offset mortgage calculator

See how much you could save

Use our offset mortgage calculator to see how your savings could reduce your mortgage term or monthly payments.

Mortgage calculators

Work out the kind of mortgage you could afford

Use our mortgage affordability calculators to work out how much you could borrow and what kind of deposit you need for a mortgage.

Agreement in Principle (AiP)

Take the first step to your mortgage with an AiP

Start an Agreement in Principle (AiP) online to find out quickly if you could borrow the amount you need – without affecting your credit score. 

Mortgage appointment

Find out which documents you’ll need and what you’ll discuss with our mortgage adviser at your appointment.

Our latest rates

You can also check our full mortgage range to see if our other mortgages are suitable for you, download our 
 tariff of mortgage charges and read our legal information.

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Need some help?

Chat to us online

Start a web chat if you have a question about applying (we can’t give advice about choosing a mortgage during web chats).

Call us

Call us1 any time – lines may be closed at off-peak times on bank holidays and during Christmas.

0800 197 1081

Track It

If you’ve submitted an application, use your mortgage application reference to find out what stage it’s at.