Offset mortgages allow you to make payments via your current account. Offset mortgages allow you miss or make extra payments based on the health of your savings.
| Effective Offset Rate | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company |   |  |  |  |  |  |  | |
Allied Irish Bank (GB) | 6.50% variable | 80% | 6.50% | N/A | N/A |   | Daily |  |
| Beverley BS | 5.85% (0.75% disc) for 1 year 6.10% (0.50% disc) for 1 year 6.35% (0.25% disc) for term | 75% | N/A | 5.85% | N/A |  | Daily | |
| Britannia BS | 6.79% for term | 90% | N/A | 6.79% | N/A |  | Daily | |
| Clydesdale Bank | 6.44% for term | 90% | 6.44% | 6.44% | N/A | | Daily | |
| Coventry BS | 7.39% to 30.9.11 | 90% | N/A | 7.39% | N/A | | Daily | |
| Cumberland BS | 6.44% for term (BBR + 1.44%) | 90% | 6.44% | 6.44% | N/A | Daily | | |
| First Direct | 5.98% for 2 years | 80% | 5.98% | 5.98% | N/A | | Daily | |
| Intelligent Finance | 7.29% variable to 1.7.11 7.00% for term | 75% | 2.47% | 4.80% | N/A | | Daily | |
| Leeds BS | 6.99% to 31.8.11 6.25% (BBR + 1.25%) for term | 80% | N/A | 6.99% | N/A | | Daily | |
| Market Harborough BS | 6.10% (1.05% discount for term) | 80% | N/A | 6.10% | N/A | | Daily | |
Key:
- OP = Overpayments.
- UP = Underpayments.
- DD = Draw Down.
- PH = Payment Holiday
Product Guide
Offset Mortgages
An offset mortgage allows you to pay less interest on your mortgage by ‘offsetting’ any savings you have against the outstanding mortgage debt. Offset mortgages and current account mortgages often have flexible features, such as allowing overpayments, underpayments, payment holidays and the ability to withdraw funds.
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