Offset Mortgages FAQ's

Back to home

UK Mortgage Lenders
Simply complete the form

We'll compare over 100 Offset mortgage deals

No obligation

Are you looking to:

How much would you like to borrow?

Estimated value of your property?

Are you a first-time buyer?

 

Are you employed or can prove your income?

 

Do you have any CCJs?

 

Have you missed any payments in the last 7 years

   

About you


* indicates required data










FAQs - Offset Mortgages

How does an offset mortgage work?
With an offset mortgage, interest payments on the mortgage are "offset" against the borrower's savings. For instance, if you have a mortgage of £100,000 and savings of £10,000, you only pay interest on the remaining £90,000.

How does an offset mortgage save money?
The interest earned on a savings account is much lower than the interest paid on a mortgage. An offset mortgage allows borrowers make up that difference. What's more, interest earned in this way is tax free.

How much can an offset mortgage save?
That depends on the amount of money put aside throughout the term of the mortgage, but savings can rack up in the tens of thousands of pounds.

What are the tax advantages of an offset mortgage?
Because the interest on savings is ploughed straight back into paying for mortgage interest, these earnings are automatically exempt from tax.

Who are offset mortgages aimed at?
Because of their tax benefits, offset mortgages are particularly attractive to high earners in the upper tax bracket and self-employed people who need to keep more cash in reserve.

The Mortgage Broker – Call us on 0800 822 3355

Other Useful Sites

The Mortgage Broker are specialists in Offset Mortgages. Complete the form above and One of our qualified FSA Regulated mortgage brokers will compare to find you the best deal.

For Quotes & Advice on Offset Mortgages deals complete our comparison enquiry form.

Compare Bad Credit Mortgages

Bookmark this page:

BlinkList del.icio.us Digg it Furl reddit Yahoo MyWeb Google Netscape StumbleUpon ma.gnolia Spurl Rawsugar Netvouz Facebook

Valid CSS! Valid XHTML 1.0 Strict