Offset mortgage quote
Tailored rates with firstmortgage.co.uk
Find an offset mortgage quote with First Mortgage - the independent you can bank on. We scour the whole of the UK market for the best deals - and you’re guaranteed to find the lowest rates. If you find better offer we’ll match it and refund you twice the difference for an entire year. Our service is totally free and impartial. Call us now on 0845 603 1525 to arrange an immediate offset mortgage quote.
Arrange an immediate offset mortgage quote with First Mortgage
What is an offset mortgage?
An offset deal allows you to link together your savings, current account and your mortgage - offsetting any cash that you have against your outstanding mortgage amount. For example, if you have a mortgage of £140,000, but savings of £20,000 then you will only be charged interest on £120,000. The deal works best if you have lots of savings or can add lots of money to you account regularly. This enables you to pay off your mortgage quicker, and pay less interest overall.
Of course, it’s important to make sure that you can afford to repay your mortgage. Visit our calculator page to find out how much you can borrow without overstretching your finances.
Arranging an offset mortgage quote... You can arrange an immediate offset mortgage quote by calling us now on 0845 603 1525 or fill in your details online. You may also want to consider the following points about this type of deal before you decide on which offer suits your best:
If you have plenty of savings and money in your current account, an offset mortgage can save you lots of interest
However, you won’t receive any interest on your current account savings (though savings rates are very low at the moment anyway)
This works to help you pay off your mortgage faster, and save you money
All of your other debts are consolidated into a single loan (including credits cards, store cards and personal loans), so you can enjoy lower repayment interest rates
It’s worth remembering that consolidating debts into a mortgage does mean that you will take longer to pay them off
Unlike a current account mortgage, you can still see your individual accounts
Offset mortgages are particularly popular with self-employed people, contractors, or people on a bonus scheme
The extra flexibility means that interest rates are generally higher than other mortgage types
Find an offset mortgage quote with First Mortgage
Call us on 0845 603 1525 for an immediate offset mortgage quote. Our team are on hand to help you find the best rates on the market.
Get quotes prepared fast and easy from our award winning brokers starting, with our smart online form. Quote request
Unsure where to start? Call our advice team now for free, impartial, experienced advice. Call us
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With a whole of market choice that simply won't be beaten, find better and we happily match this while refunding TWICE the first years payments difference - guaranteed!
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