Offset Mortgages
Want to use your savings to cut interest costs? We have advisors who specialise in offset mortgages and can explain how they work and which lenders offer them.
Offset Mortgage Advice
Offset mortgages link your mortgage to a savings account. Instead of earning interest on your savings, the balance is used to reduce the amount of your mortgage that accrues interest.
This can help lower your monthly repayments or shorten the mortgage term.
For example, if you have a £200,000 mortgage and £20,000 in linked savings, you would only pay interest on £180,000. The more you keep in savings, the more interest you can save over time.
Offset mortgages are flexible, but not every lender offers them. They can be especially useful if you want to keep access to your savings while still reducing your mortgage costs. The right choice depends on your savings level, your income, and your long-term goals.
At Online Mortgage Advisor, we have advisors who specialise in offset mortgages. They can explain how these products compare to standard mortgages, assess whether they are right for you, and guide you to the lenders currently offering them.
Use our offset mortgage calculator
Use our calculator to see how much you could borrow and how offsetting savings might change your repayments.
Read our guides
Browse our offset mortgage guides to understand how they work, when they are worth it, and which lenders offer them.
Compare offset mortgage deals
Use our comparison tool to see which lenders currently have offset products available.
Speak to an expert
Get matched with an advisor who specialises in offset mortgages and knows how to find the right lender for your situation.
We have advisors who understand how offset mortgages work and can help you decide if they are the right fit. Make an enquiry today.
Our Guides
Expert mortgage guidance tailored for offset mortgages.
Mortgage Tools & Calculators
Professional tools designed to help you understand your mortgage options, compare rates, and make informed decisions about your financial future.
Frequently Asked Questions
Still have questions about mortgages, rates, or the application process? Our comprehensive FAQ section covers everything from first-time buyer queries to complex remortgage scenarios.
If you overpay your mortgage, you pay more than the required amount, which means you could be mortgage-free sooner.
While you balance your savings against your mortgage by offsetting and only pay interest on the difference.
This can be the case but you’ll have to make repayments based on the full loan amount rather than the offset amount. You might be charged a higher interest rate by your lender if you do this.
A mortgage advisor will search the market for you and recommend the best deal based on your situation. They do more than compare rates. They understand lender criteria, manage the paperwork, and know how to get complex cases approved.
With expertise in specialist mortgages and strong lender relationships, they save you time, reduce the risk of rejection, and often access deals not available directly.
Online Mortgage Advisor is an FCA-authorised mortgage broker serving customers nationwide. We match you with specialists who excel in situations like yours.
Over 600,000 borrowers have trusted us to help them find the right deal, and we are rated Excellent on Trustpilot.
Your first chat with an advisor is always free and comes with no obligation. If you choose to go ahead, fees vary depending on the complexity of your case, but you will always know the cost upfront. You will never be charged without agreeing to it first.
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Find out your best mortgage options today
You’ll have a dedicated team by your side from questions to completion, with clear choices and costs explained upfront. We’ll match you with a mortgage advisor specialising in your unique situation.