Best Offset Mortgage Rates Comparison
Considering an offset mortgage? We explain how to secure the best rates in the market in this comprehensive guide.
Author: Pete Mugleston
CeMAP Mortgage Advisor, MD
If you have large savings, an offset mortgage could be a good way of reducing the overall interest you pay. If you want to know what rate to expect, you’ve come to the right place.
Looking for more rates and deals?
We can match you with a mortgage broker who can provide you with up-to-date bespoke rates and deals from across the entire market.
Last updated July 2025
How to get the best rate on an offset mortgage
The best way to secure the most favourable rate is to speak to an expert rather than rely on online rates tables, which are never whole-of-market and do not show deals tailored to you.
Our broker matching service ensures you will be paired with the right offset mortgage specialist.
The advantages of this approach are as follows…
- Access to the entire market, rather than just the products listed on a rates table
- Bespoke recommendations and exclusive offers
- Help secure the best rate available and tailored advice throughout
Looking for a broker who specialises in offset mortgages? Get in touch, and we’ll match you with one of the experts in our network today.
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What is a typical interest rate for an offset mortgage?
It’s true that offset mortgage rates are typically higher than rates on standard home loans. However, the difference isn’t huge. Expect to pay around the 5% mark, compared to 4.4% on a standard repayment mortgage (correct at the time of writing – April 2023).
Remember, these rates are only a rough guideline. As with all mortgages, your pay rate will depend on your circumstances.
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Are the rates the same on interest-only offset mortgages?
Rates on interest-only offset mortgages tend to be higher than those available on repayment-offset mortgages. This is because lenders view interest-only loans as higher risk.
What rate to expect if you’re remortgaging
One of the main reasons to remortgage is to secure a better rate, especially if your current deal is ending and you will be moved onto your lender’s standard variable rate, which will probably be more expensive. If you’re in this situation, it’s worth asking your existing lender if they can move you onto a more competitive offset mortgage deal.
You should also shop around to see if you can find a cheaper deal with another lender. If you’re tied into a deal, just watch out for early repayment charges, as these can be huge.
Why use Online Mortgage Advisor?
Our mortgage broker-matching service can connect you with an expert who specialises in offset mortgages today, and this is the key to securing the best rates.
To secure the most competitive offset mortgage deal available, you must speak to a broker specialising in these niche products. They’ll have relationships with the right lenders and will be able to negotiate the best rate on your behalf. They may even have access to exclusive rates unavailable to the general public.
Call us on 0330 818 7026 or make an enquiry and get matched with a broker.
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Pete Mugleston
CeMAP Mortgage Advisor, MD
Pete, a CeMAP-qualified mortgage advisor and an expert in all things mortgages, cut his teeth right in the middle of the credit crunch. With plenty of people needing help and few mortgage providers lending, Pete successfully went the extra mile to find mortgages for people whom many others considered lost causes. The experience he gained and his love of helping people reach their goals led him to establish Online Mortgage Advisor, with one clear vision – to help as many customers as possible get the right advice, regardless of need or background.
Pete’s presence in the industry as the ‘go-to’ for specialist finance continues to grow, and he is regularly cited in and writes for both local and national press, as well as trade publications, with a regular column in Mortgage Introducer and being the exclusive mortgage expert for LOVEMoney. Pete also writes for Online Mortgage Advisor of course!
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