The All-in-One Accounts

It's flexible finance!

Offset mortgage products are also known as flexible mortgages - all your money is put in one place - your mortgage, loans, savings and your current account. The money in your current account automatically reduces what you owe on your mortgage, saving you interest. As the phrase suggests, you offset your debts by using your savings.

This approach can add up to thousands in savings over the lifetime of your mortgage. Any money left in your account automatically goes towards overpaying your mortgage. Simply paying an extra £100 a month on a £135,000 mortgage could cut about 6 years off your mortgage and save you about £32,000. Pay your savings into the account and get the equivalent of approx 8.00% - with no tax to pay. Higher rate taxpayers would need to find approx 10.75% gross p.a. to match this return. You pay one mortgage-style interest rate for everything you borrow - no need for expensive loans and credit cards.