With a current account / offset mortgage you link your mortgage to your current account and savings balances, credit cards, overdraft and personal loans.
By doing this you get a much higher rate of interest on your current account and savings. You also get a much lower rate of interest on your debts. Because the amount of interest you pay is calculated daily, most people pay far less interest over the course of their mortgage. This means you can pay your mortgage off a lot more quickly even without increasing your monthly payment.
Instead of earning interest on your credit balances, you pay none on the equivalent amount of your mortgage. So if you have a credit balance of £8,000 in your current account, you'll pay no interest on £8,000 of your outstanding mortgage balance. Your monthly payment is not affected, so more of it goes towards repaying the capital
Let an expert adviser do all the shopping around for you.
It is very important to shop around to get the deal that is right for you.
A truly independent adviser is not tied to a single lender or to a restricted panel of mortgage companies. Instead they will scan the entire market to locate the most appropriate and cheapest deals for you.
Simply provide a few details by filling in our no obligation online enquiry form. It costs you nothing to see what your options are.