Offset calculator

An offset mortgage lets you use your savings to help reduce the interest you pay on your mortgage and could save you money in the long term. However the rates on offset mortgages can often be higher than a standard deal so our calculator will help you work out if an offset deal could be right for you. Of course there are lots of other things to consider so it’s worth speaking to us too and we can run through the options with you.

Would an offset mortgage work for me?

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Loans are typically over 25 years, so we've defaulted to that for you
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Your savings
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The offset mortgage
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Enter the values above to see how much your mortgage will cost.

Your results
Standard mortgage
On a standard mortgage, your monthly payment would be £X and you would pay £X in interest over the comparison term. You would also earn £X interest on your savings. The annual net interest cost is show in red of the graph.
Offset mortgage
On a offset mortgage, your monthly payment would be £X and you would pay £X in interest over the comparison term. The annual net interest cost is show in white of the graph.

Important notice

We've put this calculator together to help you get an idea of whether an offset mortgage might be worth considering, however the rates and figures shown are for illustrative purposes and realistically the rate you pay will change during your chosen mortgage term. Before taking any mortgage out you should get a personalised illustration showing the full costs and charges, and if you have any questions on this please speak to your adviser.

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