Offset Mortgages

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.

Contact us on 01277 222932 to discuss your situation.

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The Property Specialists Limited are appointed representatives of Ingard Financial Limited who are Authorised and Regulated by the Financial Conduct Authority 450731.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be a fee of £250 for the mortgage advice, the precise amount will depend upon your circumstances but we estimate that it will be £250.

The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK. The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.