Compare Offset Mortgages

Compare the best offset mortgages available in the UK and find the right offset mortgage deal for your needs in minutes. We also explain how offset mortgages work and weigh the pros and cons so you can be confident that you choose the mortgage that's right for you.
 CompanyMortgage TypeInitial RateFinal RateAPRMax LTV 
 
 APREnd Date    
 Promoted Results
First DirectFirst Direct Term BBR + 2.09% Offset LTV 65% DirectOffset2.59%term2.79%2.6%65%First Direct Term BBR + 2.09% Offset LTV 65% Direct
Proceed
Yorkshire BSYorkshire BS Flexi 2yr 2.99% Fxd LTV 75% Offset DirectOffset2.99%30 Sep
2012
4.99%4.8%75%Yorkshire BS Flexi 2yr 2.99% Fxd LTV 75% Offset Direct
Proceed
SantanderSantander Flexible Offset BBR + 2.89% Tracker H/P LTV 75%Offset3.39%term3.49%3.5%75%Santander Flexible Offset BBR + 2.89% Tracker H/P LTV 75%
Proceed
WoolwichWoolwich Openplan FM BBR+2.99% Offset R/M C/B LTV 70%Offset3.49%term3.74%3.6%70%Woolwich Openplan FM BBR+2.99% Offset R/M C/B LTV 70%
Proceed
 
Available for remortgage only.
SantanderSantander Flexible Offset BBR + 2.99% Tracker R/M LTV 75%Offset3.49%term3.49%3.6%75%Santander Flexible Offset BBR + 2.99% Tracker R/M LTV 75%
Proceed
 
Available for remortgage only.
SantanderSantander Flexible Offset BBR +2.99% Tracker R/M C/B LTV 75%Offset3.49%term3.49%3.6%75%Santander Flexible Offset BBR +2.99% Tracker R/M C/B LTV 75%
Proceed
 
Available for remortgage only.
First DirectFirst Direct Offset Standard Variable Rate LTV 75% DirectOffset3.69%term3.69%3.8%75%First Direct Offset Standard Variable Rate LTV 75% Direct
Proceed
NatWestNatWest Term Flexible Offset LTV 75%Offset3.75%term3.75%3.9%75%NatWest Term Flexible Offset LTV 75%
Proceed
RBSRBS Flexible Offset Variable LTV 75%Offset3.75%term3.75%3.9%75%RBS Flexible Offset Variable LTV 75%
Proceed
 Full Results
First DirectFirst Direct 2yr BBR + 1.89% Offset LTV 65% DirectOffset2.39%24months3.69%3.6%65%First Direct 2yr BBR + 1.89% Offset LTV 65% Direct
Proceed
Yorkshire BSYorkshire BS 2yr BBR + 1.99% Tracker Offset LTV 75% DirectOffset2.49%30 Sep
2012
4.99%4.7%75%Yorkshire BS 2yr BBR + 1.99% Tracker Offset LTV 75% Direct
Proceed
First DirectFirst Direct Term BBR + 2.09% Offset LTV 65% DirectOffset2.59%term2.79%2.6%65%First Direct Term BBR + 2.09% Offset LTV 65% Direct
Proceed
Yorkshire BSYorkshire BS 2yr BBR + 2.09% Tracker Offset LTV 75% DirectOffset2.59%30 Sep
2012
4.99%4.7%75%Yorkshire BS 2yr BBR + 2.09% Tracker Offset LTV 75% Direct
Proceed
Clydesdale BankClydesdale Bank 2yr 2.00% Discount Offset LTV 65% DirectOffset2.59%30 Nov
2012
4.59%4.5%65%Clydesdale Bank 2yr 2.00% Discount Offset LTV 65% Direct
Proceed
Yorkshire BankYorkshire Bank 2yr 2.00% Discount Offset LTV 65% DirectOffset2.59%30 Sep
2012
4.59%4.6%65%Yorkshire Bank 2yr 2.00% Discount Offset LTV 65% Direct
Proceed
Yorkshire BSYorkshire BS 2yr BBR + 2.09% Tracker H/P C/B Offset LTV 75% DirOffset2.59%30 Sep
2012
4.99%4.7%75%Yorkshire BS 2yr BBR + 2.09% Tracker H/P C/B Offset LTV 75% Dir
Proceed
Yorkshire BSYorkshire BS 2yr BBR + 2.09% Tracker R/M Offset LTV 75% DirectOffset2.59%30 Sep
2012
4.99%4.7%75%Yorkshire BS 2yr BBR + 2.09% Tracker R/M Offset LTV 75% Direct
Proceed
 
Available for remortgage only.
Yorkshire BSYorkshire BS 2yr BBR + 2.19% Tracker R/M Offset LTV 75% DirectOffset2.69%30 Sep
2012
4.99%4.7%75%Yorkshire BS 2yr BBR + 2.19% Tracker R/M Offset LTV 75% Direct
Proceed
 
Available for remortgage only.
Yorkshire BSYorkshire BS 2yr BBR + 2.19% Tracker H/P C/B Offset LTV 75% DirOffset2.69%30 Sep
2012
4.99%4.7%75%Yorkshire BS 2yr BBR + 2.19% Tracker H/P C/B Offset LTV 75% Dir
Proceed
BeverleyBeverley Flexi 3yr 2.00% Discount Offset LTV 75%Offset2.75%n/a4.75%4.4%75%Beverley Flexi 3yr 2.00% Discount Offset LTV 75%
Proceed
Melton MowbrayMelton Mowbray 2yr 2.24% Discount Offset LTV 75%Offset2.75%30 Sep
2012
4.99%4.9%75%Melton Mowbray 2yr 2.24% Discount Offset LTV 75%
Proceed
Market Harborough Building SocietyMarket Harborough Building Society 2 yr BBR + 2.30% Offset LTV 80% Online OnlyOffset2.80%24months3.99%4%80%Market Harborough Building Society 2 yr BBR + 2.30% Offset LTV 80% Online Only
Proceed
First DirectFirst Direct 2yr BBR + 2.39% Offset LTV 75% DirectOffset2.89%24months3.69%3.7%75%First Direct 2yr BBR + 2.39% Offset LTV 75% Direct
Proceed
BeverleyBeverley Flexi Term BBR + 2.45% Offset LTV 75%Offset2.95%termn/a3.1%75%Beverley Flexi Term BBR + 2.45% Offset LTV 75%
Proceed
MansfieldMansfield Term BBR + 2.45% Offset LTV 75%Offset2.95%term3.2%3%75%Mansfield Term BBR + 2.45% Offset LTV 75%
Proceed
Yorkshire BSYorkshire BS Flexi 2yr 2.99% Fxd LTV 75% Offset DirectOffset2.99%30 Sep
2012
4.99%4.8%75%Yorkshire BS Flexi 2yr 2.99% Fxd LTV 75% Offset Direct
Proceed
Scottish WidowsScottish Widows Flexible 2yr BBR + 2.49% Tracker Offset 75% <£500kOffset2.99%24months3.99%3.9%75%Scottish Widows Flexible 2yr BBR + 2.49% Tracker Offset 75% <£500k
Proceed
Scottish WidowsScottish Widows Prof 2yr BBR + 2.49% Tracker Offset 75% <£500kOffset2.99%24months3.99%3.9%75%Scottish Widows Prof 2yr BBR + 2.49% Tracker Offset 75% <£500k
Proceed
Clydesdale BankClydesdale Bank 2yr 1.60% Discount Offset LTV 75% DirectOffset2.99%30 Nov
2012
4.59%4.6%75%Clydesdale Bank 2yr 1.60% Discount Offset LTV 75% Direct
Proceed
 Edit Selected Products Remove All Products
 Next Page  >

Offset Mortgage Guide

We explain the potential benefits of combining a flexible mortgage with your bank account.

An offset mortgage is a flexible mortgage arranged in conjunction with a bank account, and in some cases a savings account and/or loan. The main benefit lies in the ability to 'offset' credit balances on a current account and savings account against the mortgage, with interest calculated on the net amount owing.

The other advantage is that the interest paid on your loan will be at the same interest rate as your mortgage, which is typically lower than the interest rate of a separate loan.

With an offset mortgage you keep the balances for your mortgage, current account and savings in separate accounts (with the same provider), but all balances are still offset against each other. This means that the credit balances reduce the mortgage amount on which interest has to be paid. Therefore it's easier to manage the separate accounts.

For example, if you owe £100,000 on your mortgage, hold £1,000 in your current account and £3,000 in a savings account, the overall balance is £96,000, so you only interest on the £96,000 balance.

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

Money that is held in a current and/or savings account that is used to offset against a mortgage will not receive interest on the credit balance held in those accounts. However, rather than generating a small amount of interest, your current account and savings work to reduce your mortgage payments and enable you to repay your mortgage faster.

Most offset 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.

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.