Use the saving to reduce your payments
You can ask us to use the interest you save to reduce the amount you have to pay each month over the term we agreed in your mortgage offer letter.
Put your savings to work with an offset mortgage
Reduce your monthly payments or pay off your mortgage sooner by offsetting other accounts with us against your mortgage balance – find out how.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Offset mortgages let you link your current and savings accounts to your mortgage. We offset the total balances of your linked accounts against the amount you owe on the mortgage each month, and then work out your mortgage interest on the lowered balance. You won’t earn interest on the current and savings accounts while they’re linked to the mortgage.
Offset mortgages can lower your monthly payments or reduce your mortgage term. Here’s an example – if you have a mortgage balance of £100,000 and offset £20,000 in savings, you will only be charged interest on £80,000. That saving can be used to lower your monthly payments or shorten your mortgage term.
You can ask us to use the interest you save to reduce the amount you have to pay each month over the term we agreed in your mortgage offer letter.
Alternatively, you can use your savings to help reduce the length of your mortgage by offsetting them against your mortgage balance – and reducing the amount of interest charged.
Use our calculators to see how much you could save by offsetting, what you could afford to borrow and what it might cost. Then get an Agreement in Principle to see if we could lend what you need, and find out how to prepare for your mortgage appointment.
See how much you could save
Use our offset mortgage calculator to see how your savings could reduce your mortgage term or monthly payments.
Work out which kind of mortgage you could afford
Use our mortgage calculators to work out how much you could borrow and how much deposit you need for a mortgage.
Take the first step to your mortgage
Start an Agreement in Principle (AiP) online to find out quickly if you could borrow the amount you need – without affecting your credit score.
Get ready to apply
Find out how to book an appointment to start your mortgage application, and see the list of documents and information you’ll need to provide.
You can also check our full mortgage range [PDF, 562KB] to see if our other mortgages are suitable for you, download our tariff of mortgage charges [PDF, 265KB] and read our legal information.
If you already bank with us, you can open a chat in Online Banking.
You can call us on Monday to Friday from 7am to 8pm, and on Saturday and Sunday from 7am to 5pm.
If you’ve submitted an application, use your mortgage application reference to find out what stage it’s at.