Offset mortgages

The flexible way to borrow

Your home may be repossessed if you do not
keep up repayments on your mortgage

Offset Rates Available as of January 1st 2009
MortgageInitial interest rateFollow on rateOverall cost for comparisonMax loanOther information
Offset Flexible Mortgage4.2% variable
N/A4.5% APR75% facility to value
  • Product fee £1,999
  • No early repayment charge
  • When offsetting you don't earn any interest on your savings and/or current account
  • Only available for new and existing customers purchasing a property
  • Interest continues to accrue during payment holidays and payments will increase thereafter
  • Available for purchases or remortgages


An offset mortgage could be just the answer if you're looking to take control of your finances. That's because our Offset Flexible Mortgage neatly adapts to meet your changing financial needs and circumstances.

Flexible by nature

  • Pay off your mortgage early - without any penalties
  • Save money over the long-term - make extra repayments, without any charges
  • Get some breathing space - underpay or take repayment holidays. Interest will continue to accrue during any repayment break or period of reduced payments
  • Access extra money - borrow at your mortgage interest rate
  • Take your mortgage with you - take your Offset Flexible Mortgage with you when you move home