We are contacted by lots of people every week wanting to know how to find the best interest rate on an offset mortgage and how to compare a range of offset mortgage deals.\r\n\r\nAn offset mortgage will potentially save you money by linking your mortgage to your savings account, but in order to truly make the best savings possible, finding a great rate is essential.\r\n\r\nIn this article, we'll be covering the following:\r\n<ul>\r\n \t<li><a href="#what-affects-offset">What affects offset mortgage rates?<\/a><\/li>\r\n \t<li><a href="#current-rates">What are the current offset mortgage rates?<\/a>\r\n<ul>\r\n \t<li><a href="#find-best-deals">How to find the best deals<\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><a href="#bad-credit">Can I get the best offset mortgage rates if I have bad credit?<\/a><\/li>\r\n \t<li><a href="#affects-rates">What else affects UK offset mortgage rates?<\/a><\/li>\r\n \t<li><a href="#speak-to-an">Speak to an expert on offset mortgage products<\/a><\/li>\r\n<\/ul>\r\nSpeaking with a whole-of-market broker can potentially save you time and money by sourcing offset mortgages with great rates. They tailor each search based on your circumstances and talk through your options with you \u2013 and this won't cost you a penny.\r\n\r\nCall us on 0808 189 2301 or <a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/match-me-with-a-specialist-broker">make an enquiry<\/a> and we'll match you with an expert shortly.\r\n\r\n[feefo-banner]\r\n<h2 id="what-affects-offset">What affects offset mortgage rates?<\/h2>\r\nOffset mortgage interest rates are mainly determined by how much of a risk a lender sees you as. This largely comes down to your perceived creditworthiness and <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/mortgage-affordability\/">\u2018affordability\u2019<\/a>, plus the size of your <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/deposits\/">deposit<\/a>, among other factors.\r\n\r\nLenders tend to reserve the best offset mortgage rates for borrowers with clean credit and <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/deposits\/high-deposit-mortgages\/">large deposits<\/a>, but this doesn\u2019t mean that you can\u2019t get a great deal if you have some bad credit, or a <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/deposits\/low-deposit-mortgages\/">smaller deposit<\/a>. There are many variables the lender will take into account, and the mortgage market is large.\r\n\r\nWondering if your affordability might be a barrier? <a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/match-me-with-a-specialist-broker">Get in touch<\/a> and we\u2019ll connect you with the expert advisors we work with. They may be able to find a lesser-known lender who\u2019s perfect for you.\r\n<h2>What are the current offset mortgage rates?<\/h2>\r\nWhen it comes to mortgage rates of any kind (offset or otherwise), it\u2019s always tricky to talk about current interest rates as they tend to fluctuate and can change at the drop of a hat. It is, however, more useful to know how to go about getting the best rates on the market.\r\n\r\nYou could very well do your own offset mortgage comparison by trawling through every lender on the phone or online, however (aside from the sheer amount of time and effort involved), some deals aren\u2019t available to the public, but with a little help you can access them.\r\n\r\nIn order to get the best rate for your offset mortgage, you need to talk to the right broker.\r\n<h3 id="find-best-deals">How to find the best deals<\/h3>\r\nGetting the best value offset mortgage comes down to two things: having access to the whole of the market and meeting the eligibility requirements at the lender offering the top deal.\r\n\r\nThe advisors we work with can provide you with access to the entire market, and you can read on to find out more about the eligibility criteria for offset mortgages.\r\n<h2 id="bad-credit">Can I get good rates if I have bad credit?<\/h2>\r\nThis could well be possible, but keep in mind that the lowest offset mortgage rates will likely be harder to come by if you have any bad credit on your file.\r\n\r\nThat said, landing a cheap offset mortgage with adverse is by no means impossible, as there are specialist <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/how-to-get-a-mortgage-with-bad-credit\/">bad credit mortgage lenders<\/a> who deal with customers with all kinds of credit problems every day. These bad credit lenders are flexible enough to take the age and the severity of the credit issue into account, as well as how closely you meet their other eligibility requirements.\r\n\r\nThe advisors we work with have access to every bad credit lender on the market, and they can introduce you to the provider best positioned to offer you favourable rates on an offset mortgage.\r\n<h2 id="affects-rates">What else affects my chances of getting favourable offset mortgage quotes?<\/h2>\r\nIf you\u2019re looking for the best offset mortgages on the market, your chances of success will likely increase if you meet the general lending criteria around the following factors:\r\n<h3>Your age<\/h3>\r\nSome lenders simply won\u2019t lend to anyone above the age of 85, or 75. A minority of lenders won\u2019t impose an upper age limit, provided you can make a strong case that you\u2019ll be able to make your offset mortgage payments.\r\n<h3>The type of property you want to buy<\/h3>\r\nWhere your property is and what it's made of can be a deciding factor on whether a lender wants to offer you an offset mortgage. Many of them are wary of certain properties (such as timber frame constructions) that they deem \u2018<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/property-types\/non-standard-construction\/">non-standard<\/a>\u2019.\r\n<h3>Your income type, and how much you make<\/h3>\r\nLenders are most comfortable with people who make a large income through a conventional Pay As You Earn (PAYE) salary. If you\u2019re looking to <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/self-employed-mortgages\/">get a mortgage and you're self-employed<\/a> or have multiple income streams, a lender may be put off by what they deem as \u2018non-standard\u2019 income.\r\n\r\nThat said, some lesser-known and private lenders specialise in working with the <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/self-employed-mortgages\/">self-employed<\/a> and people with complex incomes. The advisors we work with can help you find these lenders.\r\n<h3>Whether you already own property<\/h3>\r\nIf you\u2019re already paying the mortgage on another property, lenders will want to know that you\u2019ll be able to make the payments of an offset mortgage in addition to your current mortgage payments.\r\n<h2 id="speak-to-an">We can help you find an offset mortgage at the best rate<\/h2>\r\nThe experts we work with have their fingers on the pulse of the market and know exactly where to find the best offset mortgages. If it\u2019s out there, and you\u2019re eligible, they can help you get it.\r\n\r\nCall us on 0808 189 2301 or <a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/match-me-with-a-specialist-broker">make an enquiry<\/a>. We don't charge a fee and there's no marks made against your credit.