Compare Offset Mortgages

Compare offset mortgages

		Mortgage Type Fixed: The interest rate is fixed for a certain period – usually 1 to 5 years. Tracker: The interest rate rises and falls with the Bank of England base rate. Standard: The interest rate rises and falls with the provider’s standard interest rate (SVR). Discount: The interest rate rises and falls with the provider’s standard variable rate but is set at a lower discounted rate for certain period. Buy to Let: For landlords purchasing a property for letting.	Initial Rate The introductory rate of interest that you will pay for a certain period of time depending on the mortgage type and term.	Initial Term The length of time that the initial interest rate applies to the mortgage.	Final Rate The interest rate that your mortgage will revert to after any introductory rates have finished.	APR This is the mortgage’s Annual Percentage Rate: the interest rate that you will be charged on your mortgage including all charges such as arrangement fees (also referred to as Cost For Comparison).	Loan to value The percentage of a property’s value for which the mortgage can be used. Example: 75% loan to value = 25% deposit.	Fee to Apply This is the fee that must be paid to the lender when you take out the mortgage. It can be applied to the loan or paid separately.
	First Direct 2yr BBR + 1.78% Offset LTV 65% Direct [Show Details]	Tracker	2.28%	24 months	n/a	3.70%	65%	£1499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% First time buyer: yes Homemover: yes Remortgage: yes
	First Direct Term BBR + 2.08% Offset LTV 65% Direct [Show Details]	Tracker	2.58%	term	n/a	2.70%	65%	£1499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% First time buyer: yes Homemover: yes Remortgage: yes
	Chelsea Building Society 2yr BBR + 2.09% Offset Tracker LTV 70% Direct [Show Details]	Tracker	2.59%	31/03/2014	5.79%	5.50%	70%	£1495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 2yr BBR + 2.19% Offset LTV 65% Direct [Show Details]	Tracker	2.69%	24 months	n/a	3.70%	65%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 3yr BBR + 2.28% Capped Offset LTV 65% Direct [Show Details]	Tracker	2.78%	36 months	n/a	3.70%	65%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% First time buyer: yes Homemover: yes Remortgage: yes
	Chelsea Building Society 2yr BBR + 2.29% Offset Tracker LTV 70% Direct [Show Details]	Tracker	2.79%	31/03/2014	5.79%	5.40%	70%	£395	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 3yr 2.88% Fixed LTV 65% Ltd Edition Direct [Show Details]	Fixed	2.88%	36 months	3.69%	3.70%	65%	£1499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 3yr 2.88% Fixed Offset LTV 65% Direct Ltd Edition [Show Details]	Fixed	2.88%	36 months	n/a	3.70%	65%	£1999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 2yr BBR + 2.39% Offset LTV 75% Direct [Show Details]	Tracker	2.89%	24 months	n/a	3.70%	75%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes
	Chelsea Building Society Flexi 2yr 2.99% Fixed Offset LTV 70% Direct [Show Details]	Fixed	2.99%	31/03/2014	5.79%	5.50%	70%	£1895	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 2yr BBR + 2.49% Offset LTV 65% Direct Fee Free [Show Details]	Tracker	2.99%	24 months	n/a	3.70%	65%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% First time buyer: yes Homemover: yes Remortgage: yes
	First Direct Term BBR + 2.49% Offset LTV 65% Direct [Show Details]	Tracker	2.99%	term	n/a	3.70%	65%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% First time buyer: yes Homemover: yes Remortgage: yes
	Chelsea Building Society Flexi 2yr 3.14% Fixed Offset LTV 70% Direct [Show Details]	Fixed	3.14%	31/03/2014	5.79%	5.50%	70%	£395	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 3yr BBR + 2.68% Capped Offset LTV 75% Direct [Show Details]	Tracker	3.18%	36 months	n/a	3.70%	75%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 3yr BBR+2.68% Capped Offset LTV 65%Direct Fee Free [Show Details]	Tracker	3.18%	36 months	n/a	3.70%	65%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 2yr 3.19% Fixed Offset LTV 65% Direct [Show Details]	Fixed	3.19%	24 months	n/a	3.70%	65%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 2yr BBR + 2.69% Offset LTV 75% Direct Fee Free [Show Details]	Tracker	3.19%	24 months	n/a	3.70%	75%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes
	First Direct Term BBR + 2.69% Offset LTV 75% Direct [Show Details]	Tracker	3.19%	term	n/a	3.70%	75%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes
	First Direct Term BBR + 2.79% Offset LTV 65% Direct Fee Free [Show Details]	Tracker	3.29%	term	n/a	3.70%	65%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% First time buyer: yes Homemover: yes Remortgage: yes
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.79% Offset Ex/C LTV 70% [Show Details]	Tracker	3.29%	28/02/2014	3.89%	3.90%	70%	£749	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 2yr BBR + 2.79% Offset LTV 70% [Show Details]	Tracker	3.29%	28/02/2014	3.89%	4.00%	70%	£1499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Chelsea Building Society Flexi 3yr 3.34% Fixed Offset LTV 70% Direct [Show Details]	Fixed	3.34%	31/03/2015	5.79%	5.30%	70%	£395	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	Chelsea Building Society 2yr BBR + 2.84% Offset Tracker LTV 85% Direct [Show Details]	Tracker	3.34%	31/03/2014	5.79%	5.60%	85%	£1495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: yes
	Chelsea Building Society Flexi 5yr 3.39% Fixed Offset LTV 70% Direct [Show Details]	Fixed	3.39%	31/03/2017	5.79%	5.10%	70%	£1495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 2yr 3.39% Fixed Offset LTV 75% Direct [Show Details]	Fixed	3.39%	24 months	n/a	3.80%	75%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 2yr 3.49% Fixed Offset LTV 65% Direct Fee Free [Show Details]	Fixed	3.49%	24 months	n/a	3.70%	65%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 3yr 3.49% Fixed Offset LTV 65% Direct [Show Details]	Fixed	3.49%	36 months	n/a	3.80%	65%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct Term BBR + 2.99% Offset LTV 75% Direct Fee Free [Show Details]	Tracker	3.49%	term	n/a	3.70%	75%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes
	Santander UK plc Flex Offset BBR+2.99% H/P C/B LTV 75% Ex/C Direct [Show Details]	Tracker	3.49%	term	n/a	3.60%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Available for existing Santander UK plc customers only.
	First Direct 3yr BBR+3.08% Capped Offset LTV 75%Direct Fee Free [Show Details]	Tracker	3.58%	36 months	n/a	3.70%	75%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes
	Chelsea Building Society 2yr BBR + 3.09% Offset Tracker LTV 85% Direct [Show Details]	Tracker	3.59%	31/03/2014	5.79%	5.60%	85%	£395	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: yes
	Santander UK plc Flex Offset BBR + 3.09% H/P C/B LTV 75% [Show Details]	Tracker	3.59%	term	n/a	3.70%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Chelsea Building Society Flexi 2yr 3.64% Fixed Offset LTV 85% Direct [Show Details]	Fixed	3.64%	31/03/2014	5.79%	5.70%	85%	£1895	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	The One account One Account CAM LTV 50% [Show Details]	Standard	3.65%	term	n/a	3.70%	50%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 50% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 805 5797
	First Direct 2yr 3.69% Fixed Offset LTV 75% Direct Fee Free [Show Details]	Fixed	3.69%	24 months	n/a	3.80%	75%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 3yr 3.69% Fixed Offset LTV 75% Direct [Show Details]	Fixed	3.69%	36 months	n/a	3.80%	75%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct Offset Standard Variable Rate LTV 75% Direct [Show Details]	Standard	3.69%	term	n/a	3.80%	75%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes
	Santander UK plc Flex Offset BBR+3.19% R/M C/B LTV 75% Ex/C Direct [Show Details]	Tracker	3.69%	term	n/a	3.80%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 25% First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Available for existing Santander UK plc customers only.
	Santander UK plc Flex Offset BBR+3.19% R/M LTV 75% Ex/C Direct [Show Details]	Tracker	3.69%	term	n/a	3.80%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 25% First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Available for existing Santander UK plc customers only.
	Woolwich (Barclays) Openplan FM BBR + 3.19% Offset LTV 70% [Show Details]	Tracker	3.69%	term	n/a	3.90%	70%	£1499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	NatWest Term Flexible Offset LTV 75% Direct [Show Details]	Standard	3.75%	term	n/a	3.90%	75%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 158 2907
	Royal Bank of Scotland Flexible Offset Variable LTV 75% Direct [Show Details]	Standard	3.75%	term	n/a	3.90%	75%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 068 7678
	The One account One Account CAM LTV 75% [Show Details]	Standard	3.75%	term	n/a	3.80%	75%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 805 5797
	Chelsea Building Society Flexi 2yr 3.79% Fixed Offset LTV 85% Direct [Show Details]	Fixed	3.79%	31/03/2014	5.79%	5.60%	85%	£395	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	First Direct 3yr 3.79% Fixed Offset LTV 65% Direct Fee Free [Show Details]	Fixed	3.79%	36 months	n/a	3.80%	65%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 35% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	Santander UK plc Flex Offset BBR + 3.29% R/M C/B LTV 75% [Show Details]	Tracker	3.79%	term	n/a	3.90%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc Flex Offset BBR + 3.29% R/M LTV 75% [Show Details]	Tracker	3.79%	term	n/a	3.90%	75%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 25% First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Chelsea Building Society Flexi 3yr 3.84% Fixed Offset LTV 85% Direct [Show Details]	Fixed	3.84%	31/03/2015	5.79%	5.50%	85%	£1895	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	Chelsea Building Society Flexi 5yr 3.84% Fixed Offset C/B LTV 70% Direct [Show Details]	Fixed	3.84%	31/03/2017	5.79%	5.20%	70%	£395	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
	Chelsea Building Society Flexi 6yr 3.84% Fixed Offset C/B LTV 70% Direct [Show Details]	Fixed	3.84%	31/03/2018	5.79%	5.00%	70%	£395	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 30% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Offset mortgage

If you've got substantial savings and a mortgage on your house you can link the two together to get a better rate.

You could, of course, use your savings to put up a bigger deposit upfront for your home and pay less in interest on your mortgage as a result. But if you don't want to tie up your capital because you need it for other things, or if you think that you can make it work harder for you elsewhere, an offset mortgage could be a good option for you.

It works by offsetting the amount of money you have in a linked account from your mortgage payment. So if you had £50,000 savings and a mortgage for £200,000, you would only pay interest on £150,000.

An offset mortgage can also be particularly suitable to people who are able to save regularly or who come into semi-regular windfalls like work bonuses.

Further benefits of an offset mortgage often include the ability to make additional contributions to your mortgage, above and beyond your regular repayments, and the option to take payment holidays at set intervals.

Usually, your lender will stipulate that the money in your linked account cannot fall below a certain level. This is to ensure that there is less chance of you falling into default and so that the bank can count on your funds to lend out to other customers (though it's still yours, of course).

Click here for more information with Know Your Money's guide to offset mortgages.

Important – Use of knowyourmoney.co.uk is subject to our Terms of Use