Offset Mortgages

  • Offset mortgages utilise your savings to reduce your mortgage term or monthly payments thereby lowering the overall cost of your mortgage.
  • You can compare the latest interest rates on offset mortgages from UK lenders in the table below.

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The following results are based on a loan to value (LTV) of 60%
  • Scottish Widows Bank
  • Mortgage Type
    fixed
  • Initial Rate
    2.14%
    Fixed to 28/02/2022
  • APRC
    3.30%
  • Monthly Payment
    £646.05
  • ERC
    Yes
  • Fees
    £1,499
  • Max LTV
    60%
  • Speak To An Advisor Click Here
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    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
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    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Scottish Widows Bank
    • Max First Time Buyer LTV:
      0%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      60%
    • Min Loan:
      £50,000
    • Max Loan:
      £1,000,000
    • Product Description:
      2.14% Fixed to 28/02/2022
    • Incentives:
      Free valuation fees Great Britain
      £300 cashbackGreat Britain or free legal feesGreat Britain
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £646.05 x 61
    • Ongoing Monthly Payments:
      £746.28 x 239
    • Total Amount Payable:
      £219,464
    • Total Interest Payable:
      £67,769.97
    • Fees

    • Product Fee:
      £1,499
    • Valuation Fee:
      Free
    • Charges

    • Exit Admin Fee:
      £195
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 28/2/22: 5/4/3/3/1.5% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 61 months at 2.14% and then reverting to our variable rate of 3.74% variable for remaining term. 61 monthly payments of £646.05 and 239 monthly payments of £746.28. The total amount payable would be £219,649 made up of the loan amount plus interest £67,769.97 and a product fee £1,499 and valuation fee £0. The overall cost for comparison is 3.30% APRC representative.

  • Coventry BS
  • Mortgage Type
    fixed
  • Initial Rate
    2.19%
    Fixed to 31/03/2022
  • APRC
    3.50%
  • Monthly Payment
    £649.75
  • ERC
    Yes
  • Fees
    £999
  • Max LTV
    65%
  • Speak To An Advisor Click Here
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    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
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    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Coventry BS
    • Max First Time Buyer LTV:
      65%
    • Max House Purchase LTV:
      65%
    • Max Remortgage LTV:
      65%
    • Min Loan:
      £0
    • Max Loan:
      Varies
    • Product Description:
      2.19% Fixed to 31/03/2022
    • Incentives:
      Free valuation fees (Max £670)
      free legal fees Remortgages
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £649.75 x 62
    • Ongoing Monthly Payments:
      £779.64 x 238
    • Total Amount Payable:
      £226,837.80
    • Total Interest Payable:
      £75,838.82
    • Fees

    • Product Fee:
      £999
    • Valuation Fee:
      Free
    • Charges

    • Exit Admin Fee:
      £0
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 31/3/22: 5/3/3/1/1% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 62 months at 2.19% and then reverting to our variable rate of 4.24% variable for remaining term. 62 monthly payments of £649.75 and 238 monthly payments of £779.64. The total amount payable would be £226,887.80 made up of the loan amount plus interest £75,838.82 and a product fee £999 and valuation fee £0. The overall cost for comparison is 3.50% APRC representative.

  • Scottish Widows Bank
  • Mortgage Type
    fixed
  • Initial Rate
    2.19%
    Fixed to 28/02/2022
  • APRC
    3.30%
  • Monthly Payment
    £649.75
  • ERC
    Yes
  • Fees
    £1,829
  • Max LTV
    60%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Scottish Widows Bank
    • Max First Time Buyer LTV:
      60%
    • Max House Purchase LTV:
      60%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £50,000
    • Max Loan:
      £1,000,000
    • Product Description:
      2.19% Fixed to 28/02/2022
    • Incentives:
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £649.75 x 61
    • Ongoing Monthly Payments:
      £747.07 x 239
    • Total Amount Payable:
      £220,708.50
    • Total Interest Payable:
      £68,184.48
    • Fees

    • Product Fee:
      £1,499
    • Valuation Fee:
      £330
    • Charges

    • Exit Admin Fee:
      £195
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 28/2/22: 5/4/3/1.5/1.5% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 61 months at 2.19% and then reverting to our variable rate of 3.74% variable for remaining term. 61 monthly payments of £649.75 and 239 monthly payments of £747.07. The total amount payable would be £220,258.50 made up of the loan amount plus interest £68,184.48 and a product fee £1,499 and valuation fee £330. The overall cost for comparison is 3.30% APRC representative.

  • Scottish Widows Bank
  • Mortgage Type
    fixed
  • Initial Rate
    2.24%
    Fixed to 28/02/2022
  • APRC
    3.30%
  • Monthly Payment
    £653.45
  • ERC
    Yes
  • Fees
    £1,499
  • Max LTV
    60%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Scottish Widows Bank
    • Max First Time Buyer LTV:
      0%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      60%
    • Min Loan:
      £50,000
    • Max Loan:
      £1,000,000
    • Product Description:
      2.24% Fixed to 28/02/2022
    • Incentives:
      Free valuation fees Great Britain
      £300 cashbackGreat Britain or free legal feesGreat Britain
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £653.45 x 61
    • Ongoing Monthly Payments:
      £747.87 x 239
    • Total Amount Payable:
      £220,295.40
    • Total Interest Payable:
      £68,601.38
    • Fees

    • Product Fee:
      £1,499
    • Valuation Fee:
      Free
    • Charges

    • Exit Admin Fee:
      £195
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 28/2/22: 5/4/3/3/1.5% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 61 months at 2.24% and then reverting to our variable rate of 3.74% variable for remaining term. 61 monthly payments of £653.45 and 239 monthly payments of £747.87. The total amount payable would be £220,480.40 made up of the loan amount plus interest £68,601.38 and a product fee £1,499 and valuation fee £0. The overall cost for comparison is 3.30% APRC representative.

  • Coventry BS
  • Mortgage Type
    fixed
  • Initial Rate
    2.25%
    Fixed to 31/03/2022
  • APRC
    3.50%
  • Monthly Payment
    £654.20
  • ERC
    Yes
  • Fees
    £999
  • Max LTV
    75%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Coventry BS
    • Max First Time Buyer LTV:
      75%
    • Max House Purchase LTV:
      75%
    • Max Remortgage LTV:
      75%
    • Min Loan:
      £0
    • Max Loan:
      Varies
    • Product Description:
      2.25% Fixed to 31/03/2022
    • Incentives:
      Free valuation fees (Max £670)
      free legal fees Remortgages
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £654.20 x 62
    • Ongoing Monthly Payments:
      £780.64 x 238
    • Total Amount Payable:
      £227,351.70
    • Total Interest Payable:
      £76,352.72
    • Fees

    • Product Fee:
      £999
    • Valuation Fee:
      Free
    • Charges

    • Exit Admin Fee:
      £0
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 31/3/22: 5/3/3/1/1% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 62 months at 2.25% and then reverting to our variable rate of 4.24% variable for remaining term. 62 monthly payments of £654.20 and 238 monthly payments of £780.64. The total amount payable would be £227,401.70 made up of the loan amount plus interest £76,352.72 and a product fee £999 and valuation fee £0. The overall cost for comparison is 3.50% APRC representative.

  • Accord Mortgages
  • Mortgage Type
    fixed
  • Initial Rate
    2.29%
    Fixed to 30/04/2022
  • APRC
    4.30%
  • Monthly Payment
    £657.17
  • ERC
    Yes
  • Fees
    £1,230
  • Max LTV
    75%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Accord Mortgages
    • Max First Time Buyer LTV:
      75%
    • Max House Purchase LTV:
      75%
    • Max Remortgage LTV:
      75%
    • Min Loan:
      £50,000
    • Max Loan:
      £3,000,000
    • Product Description:
      2.29% Fixed to 30/04/2022
    • Incentives:
      £1K cashback
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £657.17 x 63
    • Ongoing Monthly Payments:
      £870.02 x 237
    • Total Amount Payable:
      £248,316.50
    • Total Interest Payable:
      £97,596.45
    • Fees

    • Product Fee:
      £995
    • Valuation Fee:
      £235
    • Charges

    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 30/4/22: 4/4/3/2/1% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 63 months at 2.29% and then reverting to our variable rate of 5.54% variable for remaining term. 63 monthly payments of £657.17 and 237 monthly payments of £870.02. The total amount payable would be £248,966.50 made up of the loan amount plus interest £97,596.45 and a product fee £995 and valuation fee £235. The overall cost for comparison is 4.30% APRC representative.

  • Scottish Widows Bank
  • Mortgage Type
    fixed
  • Initial Rate
    2.29%
    Fixed to 28/02/2022
  • APRC
    3.30%
  • Monthly Payment
    £657.17
  • ERC
    Yes
  • Fees
    £1,829
  • Max LTV
    60%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Scottish Widows Bank
    • Max First Time Buyer LTV:
      60%
    • Max House Purchase LTV:
      60%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £50,000
    • Max Loan:
      £1,000,000
    • Product Description:
      2.29% Fixed to 28/02/2022
    • Incentives:
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £657.17 x 61
    • Ongoing Monthly Payments:
      £748.65 x 239
    • Total Amount Payable:
      £221,538.70
    • Total Interest Payable:
      £69,014.72
    • Fees

    • Product Fee:
      £1,499
    • Valuation Fee:
      £330
    • Charges

    • Exit Admin Fee:
      £195
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 28/2/22: 5/4/3/3/1.5% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 61 months at 2.29% and then reverting to our variable rate of 3.74% variable for remaining term. 61 monthly payments of £657.17 and 239 monthly payments of £748.65. The total amount payable would be £221,088.70 made up of the loan amount plus interest £69,014.72 and a product fee £1,499 and valuation fee £330. The overall cost for comparison is 3.30% APRC representative.

  • Yorkshire BS
  • Mortgage Type
    fixed
  • Initial Rate
    2.35%
    Fixed to 30/04/2022
  • APRC
    3.90%
  • Monthly Payment
    £661.65
  • ERC
    Yes
  • Fees
    £1,230
  • Max LTV
    75%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Yorkshire BS
    • Max First Time Buyer LTV:
      75%
    • Max House Purchase LTV:
      75%
    • Max Remortgage LTV:
      75%
    • Min Loan:
      £25,001
    • Max Loan:
      £5,000,000
    • Product Description:
      2.35% Fixed to 30/04/2022
    • Incentives:
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £661.65 x 63
    • Ongoing Monthly Payments:
      £815.56 x 237
    • Total Amount Payable:
      £236,691.70
    • Total Interest Payable:
      £84,971.67
    • Fees

    • Product Fee:
      £995
    • Valuation Fee:
      £235
    • Charges

    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 30/4/22: 4/4/3/2/1% Mortgage Advance
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 63 months at 2.35% and then reverting to our variable rate of 4.74% variable for remaining term. 63 monthly payments of £661.65 and 237 monthly payments of £815.56. The total amount payable would be £236,341.70 made up of the loan amount plus interest £84,971.67 and a product fee £995 and valuation fee £235. The overall cost for comparison is 3.90% APRC representative.

  • Accord Mortgages
  • Mortgage Type
    fixed
  • Initial Rate
    2.39%
    Fixed to 30/04/2022
  • APRC
    4.40%
  • Monthly Payment
    £664.65
  • ERC
    Yes
  • Fees
    £1,230
  • Max LTV
    80%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Accord Mortgages
    • Max First Time Buyer LTV:
      80%
    • Max House Purchase LTV:
      80%
    • Max Remortgage LTV:
      80%
    • Min Loan:
      £50,000
    • Max Loan:
      £1,000,000
    • Product Description:
      2.39% Fixed to 30/04/2022
    • Incentives:
      £1K cashback
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £664.65 x 63
    • Ongoing Monthly Payments:
      £871.90 x 237
    • Total Amount Payable:
      £249,233.20
    • Total Interest Payable:
      £98,513.25
    • Fees

    • Product Fee:
      £995
    • Valuation Fee:
      £235
    • Charges

    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 30/4/22: 4/4/3/2/1% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 63 months at 2.39% and then reverting to our variable rate of 5.54% variable for remaining term. 63 monthly payments of £664.65 and 237 monthly payments of £871.90. The total amount payable would be £249,883.20 made up of the loan amount plus interest £98,513.25 and a product fee £995 and valuation fee £235. The overall cost for comparison is 4.40% APRC representative.

  • Chelsea BS
  • Mortgage Type
    fixed
  • Initial Rate
    2.40%
    2.40% Fixed to 31/01/2022
  • APRC
    4.00%
  • Monthly Payment
    £665.40
  • ERC
    Yes
  • Fees
    £1,695
  • Max LTV
    75%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Chelsea BS
    • Max First Time Buyer LTV:
      75%
    • Max House Purchase LTV:
      75%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £25,001
    • Max Loan:
      £5,000,000
    • Product Description:
      2.40% Fixed to 31/01/2022
    • Incentives:
      Free valuation fees
      free valuation admin fees
      £250 cashback
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £665.40 x 60
    • Ongoing Monthly Payments:
      £818.27 x 240
    • Total Amount Payable:
      £238,343.80
    • Total Interest Payable:
      £86,308.80
    • Fees

    • Product Fee:
      £1,695
    • Valuation Fee:
      Free
    • Charges

    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 31/1/22: 4/4/3/2/1% Mortgage Advance
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 60 months at 2.40% and then reverting to our variable rate of 4.74% variable for remaining term. 60 monthly payments of £665.40 and 240 monthly payments of £818.27. The total amount payable would be £238,143.80 made up of the loan amount plus interest £86,308.80 and a product fee £1,695 and valuation fee £0. The overall cost for comparison is 4.00% APRC representative.

  • Chelsea BS
  • Mortgage Type
    fixed
  • Initial Rate
    2.40%
    2.40% Fixed to 31/01/2022
  • APRC
    4.00%
  • Monthly Payment
    £665.40
  • ERC
    Yes
  • Fees
    £1,695
  • Max LTV
    75%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Chelsea BS
    • Max First Time Buyer LTV:
      0%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      75%
    • Min Loan:
      £25,001
    • Max Loan:
      £5,000,000
    • Product Description:
      2.40% Fixed to 31/01/2022
    • Incentives:
      Free valuation fees
      free legal fees
      free valuation admin fees
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £665.40 x 60
    • Ongoing Monthly Payments:
      £818.27 x 240
    • Total Amount Payable:
      £238,093.80
    • Total Interest Payable:
      £86,308.80
    • Fees

    • Product Fee:
      £1,695
    • Valuation Fee:
      Free
    • Charges

    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 31/1/22: 4/4/3/2/1% Mortgage Advance
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 60 months at 2.40% and then reverting to our variable rate of 4.74% variable for remaining term. 60 monthly payments of £665.40 and 240 monthly payments of £818.27. The total amount payable would be £238,278.80 made up of the loan amount plus interest £86,308.80 and a product fee £1,695 and valuation fee £0. The overall cost for comparison is 4.00% APRC representative.

  • Scottish Widows Bank
  • Mortgage Type
    fixed
  • Initial Rate
    2.54%
    Fixed to 28/02/2022
  • APRC
    3.30%
  • Monthly Payment
    £675.95
  • ERC
    Yes
  • Fees
    No Fees
  • Max LTV
    60%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Scottish Widows Bank
    • Max First Time Buyer LTV:
      0%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      60%
    • Min Loan:
      £50,000
    • Max Loan:
      £1,000,000
    • Product Description:
      2.54% Fixed to 28/02/2022
    • Incentives:
      Free valuation fees Great Britain
      £300 cashbackGreat Britain or free legal feesGreat BritainNo arrangement fees
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £675.95 x 61
    • Ongoing Monthly Payments:
      £752.56 x 239
    • Total Amount Payable:
      £221,289.80
    • Total Interest Payable:
      £71,094.79
    • Fees

    • Product Fee:
      £0
    • Valuation Fee:
      Free
    • Charges

    • Exit Admin Fee:
      £195
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 28/2/22: 5/4/3/3/1.5% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 61 months at 2.54% and then reverting to our variable rate of 3.74% variable for remaining term. 61 monthly payments of £675.95 and 239 monthly payments of £752.56. The total amount payable would be £221,474.80 made up of the loan amount plus interest £71,094.79 and a product fee £0 and valuation fee £0. The overall cost for comparison is 3.30% APRC representative.

  • Scottish Widows Bank
  • Mortgage Type
    fixed
  • Initial Rate
    2.64%
    Fixed to 28/02/2022
  • APRC
    3.40%
  • Monthly Payment
    £683.55
  • ERC
    Yes
  • Fees
    No Fees
  • Max LTV
    60%
  • Speak To An Advisor Click Here
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    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
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    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Scottish Widows Bank
    • Max First Time Buyer LTV:
      0%
    • Max House Purchase LTV:
      0%
    • Max Remortgage LTV:
      60%
    • Min Loan:
      £50,000
    • Max Loan:
      £1,000,000
    • Product Description:
      2.64% Fixed to 28/02/2022
    • Incentives:
      Free valuation fees Great Britain
      £300 cashbackGreat Britain or free legal feesGreat BritainNo arrangement fees
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £683.55 x 61
    • Ongoing Monthly Payments:
      £754.11 x 239
    • Total Amount Payable:
      £222,123.80
    • Total Interest Payable:
      £71,928.84
    • Fees

    • Product Fee:
      £0
    • Valuation Fee:
      Free
    • Charges

    • Exit Admin Fee:
      £195
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 28/2/22: 5/4/3/3/1.5% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 61 months at 2.64% and then reverting to our variable rate of 3.74% variable for remaining term. 61 monthly payments of £683.55 and 239 monthly payments of £754.11. The total amount payable would be £222,308.80 made up of the loan amount plus interest £71,928.84 and a product fee £0 and valuation fee £0. The overall cost for comparison is 3.40% APRC representative.

  • Accord Mortgages
  • Mortgage Type
    fixed
  • Initial Rate
    2.69%
    Fixed to 30/04/2022
  • APRC
    4.50%
  • Monthly Payment
    £687.37
  • ERC
    Yes
  • Fees
    £1,230
  • Max LTV
    85%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Accord Mortgages
    • Max First Time Buyer LTV:
      85%
    • Max House Purchase LTV:
      85%
    • Max Remortgage LTV:
      85%
    • Min Loan:
      £75,000
    • Max Loan:
      £1,000,000
    • Product Description:
      2.69% Fixed to 30/04/2022
    • Incentives:
      £1K cashback
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £687.37 x 63
    • Ongoing Monthly Payments:
      £877.49 x 237
    • Total Amount Payable:
      £251,989.40
    • Total Interest Payable:
      £101,269.40
    • Fees

    • Product Fee:
      £995
    • Valuation Fee:
      £235
    • Charges

    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 30/4/22: 4/4/3/2/1% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 63 months at 2.69% and then reverting to our variable rate of 5.54% variable for remaining term. 63 monthly payments of £687.37 and 237 monthly payments of £877.49. The total amount payable would be £252,639.40 made up of the loan amount plus interest £101,269.40 and a product fee £995 and valuation fee £235. The overall cost for comparison is 4.50% APRC representative.

  • Family Building Society
  • Mortgage Type
    fixed
  • Initial Rate
    2.89%
    Fixed to 31/03/2022
  • APRC
    4.00%
  • Monthly Payment
    £702.76
  • ERC
    Yes
  • Fees
    £720
  • Max LTV
    95%
  • Speak To An Advisor Click Here
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    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Family Building Society
    • Max First Time Buyer LTV:
      95%
    • Max House Purchase LTV:
      95%
    • Max Remortgage LTV:
      0%
    • Min Loan:
      £45,000
    • Max Loan:
      £500,000
    • Product Description:
      2.89% Fixed to 31/03/2022
    • Incentives:
      Free valuation fees for properties valued Max £500K
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £702.76 x 62
    • Ongoing Monthly Payments:
      £811.61 x 238
    • Total Amount Payable:
      £238,079.30
    • Total Interest Payable:
      £86,734.30
    • Fees

    • Product Fee:
      £545
    • Valuation Fee:
      £175
    • Charges

    • Exit Admin Fee:
      £125
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 31/3/22: 5/4/3/2/1% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 62 months at 2.89% and then reverting to our variable rate of 4.54% variable for remaining term. 62 monthly payments of £702.76 and 238 monthly payments of £811.61. The total amount payable would be £237,629.30 made up of the loan amount plus interest £86,734.30 and a product fee £545 and valuation fee £175. The overall cost for comparison is 4.00% APRC representative.

  • Accord Mortgages
  • Mortgage Type
    fixed
  • Initial Rate
    3.12%
    Fixed to 30/04/2022
  • APRC
    4.70%
  • Monthly Payment
    £720.71
  • ERC
    Yes
  • Fees
    £1,230
  • Max LTV
    90%
  • Speak To An Advisor Click Here
    Speak To An Advisor
    Click Here
    + Product Details
  • Get advice about the UK mortgage market from MCB Financial Services
    Lines are open 8.30am - 5pm Monday to Friday. Calls may be monitored and recorded.
    Call Me Back
    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    • Summary

    • Lender:
      Accord Mortgages
    • Max First Time Buyer LTV:
      90%
    • Max House Purchase LTV:
      90%
    • Max Remortgage LTV:
      90%
    • Min Loan:
      £75,000
    • Max Loan:
      £500,000
    • Product Description:
      3.12% Fixed to 30/04/2022
    • Incentives:
      £1K cashback
      No Higher Lending Charge (HLC)
    • Website:
    • Repayments

    • Initial Monthly Repayment:
      £720.71 x 63
    • Ongoing Monthly Payments:
      £885.30 x 237
    • Total Amount Payable:
      £255,940.80
    • Total Interest Payable:
      £105,220.80
    • Fees

    • Product Fee:
      £995
    • Valuation Fee:
      £235
    • Charges

    • Exit Admin Fee:
      £90
    • Early Repayment Charge:
      Yes
    • Early Repayment Charge Details:
      to 30/4/22: 4/4/3/2/1% Sum Repaid
  • Representative example: A mortgage of £150,000 payable over 25 years initially on a fixed rate for 63 months at 3.12% and then reverting to our variable rate of 5.54% variable for remaining term. 63 monthly payments of £720.71 and 237 monthly payments of £885.30. The total amount payable would be £256,590.80 made up of the loan amount plus interest £105,220.80 and a product fee £995 and valuation fee £235. The overall cost for comparison is 4.70% APRC representative.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The above results are based on a repayment mortgage of £150,000, on a property value of £250,000, over a term of 25 years. This is a loan to value (LTV) of 60% Our mortgage comparison service includes providers from whom we may receive commission. This table initially lists featured products. The mortgage data above was supplied by Moneyfacts Ltd and was last updated 11:30, 19/01/2017.The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.
The above results are based on a repayment mortgage of £150,000, on a property value of £250,000, over a term of 25 years. This is a loan to value (LTV) of 60% Our mortgage comparison service includes providers from whom we may receive commission. This table initially lists featured products. The mortgage data above was supplied by Moneyfacts Ltd and was last updated 11:30, 16:58 19/01/2017.The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

More about offset mortgages

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 to read our handy guide covering the different types of mortgage available in the UK.