Compare Current Account Mortgages

Compare the best current account mortgages available in the UK and find the right mortgage deal for your needs in minutes. We also explain how current account mortgages work so that you can make an informed choice and get the best mortgage deal possible.
 CompanyMortgage TypeInitial RateFinal RateAPRMax LTV 
 
 APREnd Date    
 Promoted Results
The One AccountThe One Account One Account CAM LTV 50%Current Account3.65%term3.65%3.7%50%The One Account One Account CAM LTV 50%
Proceed
The One AccountThe One Account One Account CAM LTV 75%Current Account3.75%term3.75%3.8%75%The One Account One Account CAM LTV 75%
Proceed
 Full Results
Northern BankNorthern Bank Northern Repay LTV 90% > £150kCurrent Account2.99%term2.99%3.1%90%Northern Bank Northern Repay LTV 90% > £150k
Proceed
Northern BankNorthern Bank Northern Repay LTV 90% > £200kCurrent Account2.99%term2.99%3.1%90%Northern Bank Northern Repay LTV 90% > £200k
Proceed
Northern BankNorthern Bank Northern Repay LTV 90% > £100kCurrent Account3.29%term3.29%3.5%90%Northern Bank Northern Repay LTV 90% > £100k
Proceed
The One AccountThe One Account One Account CAM LTV 50%Current Account3.65%term3.65%3.7%50%The One Account One Account CAM LTV 50%
Proceed
The One AccountThe One Account One Account CAM LTV 75%Current Account3.75%term3.75%3.8%75%The One Account One Account CAM LTV 75%
Proceed
Northern BankNorthern Bank Northern Repay LTV 90% > £50kCurrent Account3.54%term3.54%3.9%90%Northern Bank Northern Repay LTV 90% > £50k
Proceed
Clydesdale BankClydesdale Bank Flexible Repay CAM LTV 60% DirectCurrent Account3.79%term3.79%4%60%Clydesdale Bank Flexible Repay CAM LTV 60% Direct
Proceed
Clydesdale BankClydesdale Bank Rapid Repay CAM LTV 60% DirectCurrent Account3.79%term3.79%4%60%Clydesdale Bank Rapid Repay CAM LTV 60% Direct
Proceed
Yorkshire BankYorkshire Bank Flexible Repay CAM LTV 60%Current Account3.79%term3.79%4%60%Yorkshire Bank Flexible Repay CAM LTV 60%
Proceed
Yorkshire BankYorkshire Bank Rapid Repay CAM LTV 60%Current Account3.79%term3.79%4%60%Yorkshire Bank Rapid Repay CAM LTV 60%
Proceed
Clydesdale BankClydesdale Bank Flexible Repay CAM LTV 75% DirectCurrent Account3.99%term3.99%4.2%75%Clydesdale Bank Flexible Repay CAM LTV 75% Direct
Proceed
Clydesdale BankClydesdale Bank Rapid Repay CAM LTV 75% DirectCurrent Account3.99%term3.99%4.2%75%Clydesdale Bank Rapid Repay CAM LTV 75% Direct
Proceed
Yorkshire BankYorkshire Bank Flexible Repay CAM LTV 75%Current Account3.99%term3.99%4.2%75%Yorkshire Bank Flexible Repay CAM LTV 75%
Proceed
Yorkshire BankYorkshire Bank Rapid Repay CAM LTV 75%Current Account3.99%term3.99%4.2%75%Yorkshire Bank Rapid Repay CAM LTV 75%
Proceed
 Edit Selected Products Remove All Products

Current Account Mortgage Guide

We explain how you could benefit from the financial flexibility of a current account mortgage.

A current account mortgage is a flexible mortgage arranged in conjunction with a current account. The current account and mortgage are combined into a single account. The main benefit lies in the fact that any positive balance that would otherwise be held in a separate current account reduces the outstanding mortgage by that amount.

Because a current account mortgage allows you to operate your mortgage borrowing through a current account, it is in effect like having a very large overdraft. So, for example, if you had a mortgage of £100,000 and £1,000 credit in your account your balance would show as £99,000 in the red.

These mortgages can allow you to pay off your mortgage early as any cash going into the account, such as salary and savings will reduce your outstanding debt. Therefore, if you are disciplined you can save on the amount of interest you repay and the length of your mortgage.

However one draw back can be having to keep all your finances in one place, in one single account, which can make it harder to manage and more tempting to borrow rather than save.

In addition to offset mortgages, a similar type of mortgage is available; offset mortgages. These mortgages work in a similar way, offering the same offsetting benefits as a current account mortgage, but rather than having a single account, the mortgage and current account are kept in separate accounts.

Most current account mortgages are variable rate mortgages whereby the amount you repay increases or decreases in line with any interest rate changes.

Most also offer flexibility in allowing over payments to clear the loan earlier, or limited periods of underpayment if required. Others also allow a credit limit on top of the agreed mortgage, depending on the amount of equity in the property, like a loan facility. The catch lies in the loan-to-value ratio negotiated at the outset. The higher the loan-to-value agreed, the higher the rate of interest even if you never use the full loan facility.

You may be required to pay your salary into these accounts.

NB This information is provided to give you an overview of the different types of mortgages available. It is not comprehensive and you should not base your mortgage decision on the information found here. We recommend you seek professional advice in order to determine the most suitable mortgage for you.