Offset Mortgages - Offset Mortgage Rates

We can arrange deals with private banks and offset mortgage providers not available on the High Street.

An offset mortgage allows your savings to be set against your mortgage, reducing the interest you pay on the net balance. A savings account is set up alongside your mortgage, and the money in the account is ‘offset’ against the mortgage.

Offset mortgages can offer flexibility, tax efficiency, and help customers best use their income, for example those that earn annual bonuses.

You will not earn any interest on your savings, but you will not be charged any interest on the corresponding amount of your mortgage either.

You can choose to use this saving to:

  • Reduce the term of your mortgage or
  • Reduce your mortgage repayments

The great news is that you still have instant access to your savings for as long as you have your Offset mortgage.

For example, on a £1,000,000 mortgage loan you can reduce your mortgage term by 10 months, by having £40,000 in savings (based on a 3.49% term over 25 years). That’s without overpayments!

We often deal with customers with irregular income streams, i.e. those that are self-employed, shareholders or partners and directors. We can arrange deals with private banks and offset mortgage providers not available on the High Street, and there are no upper limits on offset mortgages.

Offset mortgages offer alternative to poor savings rates (this article originally appeared in the Financial Times on 26 March 2010)

Accessing your savings may increase your mortgage term or monthly mortgage repayments.

Our services


Our insights


We are the UK’s leading specialist in delivering innovative and bespoke financing solutions to global clients.

Reviews


We can arrange deals with private banks and offset mortgage providers.

Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home.  

largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: www.fca.org.uk.  The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending.  

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.  

Largemortgageloans.com Ltd Registered in England and Wales No: 5070990 Registered Address: As above. The guidance and advice contained within the website are subject to the UK regulatory regime and is primarily targeted at UK customers. Calls may be recorded for training and monitoring.