Higher Rate Taxpayers
The tax-free nature of offset savings makes them particularly attractive if you normally pay tax on savings interest.
Offset Mortgages
If you have money sitting in accounts earning little interest while paying mortgage interest, an offset mortgage might help. We take time to understand your financial situation and work out whether this could genuinely benefit your family.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Mortgages are subject to underwriting and criteria. Check terms and conditions.
This information is for guidance only and does not constitute financial advice.
Making your savings count
Every family’s financial situation is different. Some people have savings they want to keep accessible, others are looking for ways to reduce their mortgage costs without losing flexibility. We help you understand whether an offset mortgage fits your circumstances and what it could mean for your monthly budget.
What offset mortgages mean for your family:
- Your savings reduce the mortgage balance you’re charged interest on
- You keep full access to your money when you need it
- Choose between paying less each month or finishing your mortgage sooner
- No tax to pay on the money you save
- Family members can help by offsetting their savings against your mortgage
- Interest rates are usually higher than standard mortgages, so the numbers need to work
Your offset savings reduce the interest charged each month, lowering your monthly mortgage payment. This gives you more disposable income while keeping your original mortgage term.
Keep paying the same monthly amount, but with reduced interest charges, more goes toward paying off the capital. This can cut years off your mortgage term.
Unlike overpaying your mortgage, your offset savings remain accessible. You can withdraw money when you need it, though this reduces the offset benefit.
The interest you save through offsetting doesn’t count as income, so there’s no tax to pay. This is particularly valuable for higher rate taxpayers.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.
Who benefits most from offset mortgages?
Self-Employed Workers
Irregular income means keeping cash reserves is important. Offset mortgages let you reduce mortgage costs while maintaining access to funds for tax bills or quiet periods.
People with Large Cash Holdings
If you have substantial savings earning low interest, offsetting can provide better returns than traditional savings accounts.
Family Support Mortgages
Parents or family members can offset their savings against your mortgage, helping you get better rates without gifting money directly.
How we help
We understand that financial decisions feel heavy because they affect everything that matters to you. Our job is to make them lighter, clearer and easier.
Testimonials
Trusted by savers across the UK
We've helped hundreds of families make their savings work harder through offset mortgages.
Ready to explore offset mortgages?
Tell us about your savings and mortgage needs.
Share your financial situation and savings amount. We'll calculate whether an offset mortgage could save you money and find the best rates available.