Offset Mortgage

Offset mortgages make use of the money you have in your savings and current account to save you money on your mortgage. In other words, the more you have in these accounts the less you'll pay out in mortgage interest. On the plus side, your mortgage can be repaid in a faster time and other debts, such as credit cards, can be paid off at the same low interest rate as your mortgage. On the minus side, however, you should remember that you won't earn interest on your savings.

Offset mortgages are becoming popular but they aren't for everyone.They can be complicated to calculate as several factors need to be taken into account. We'll help you decide whether an offset mortgage would be a good choice for you and if so, advise you on the best options. Offset mortgages can be combined with other types of mortgages such as tracker or fixed rate, and they can be used for people who want to re-mortgage.

At The Property Specialists we have access to all the major offset deals.