Notices

  • Savings products - In preparation of the launch of our new and improved Online Service we have temporarily withdrawn online applications for all our savings products. You can still apply for these products by post or in branch. All savings products will be available to apply online from 12 May. We apologise for any inconvenience this may cause.

  • Savings customers: Your 2024 / 2025 Annual Interest Savings Summary are currently being processed and are due to be delivered by 30 April 2025.

  • We’ll shortly be making some changes to our Online Service to make it simpler and easier for you to use.  

    Our new Online Service will have a modern design, improved navigation and many added benefits.  

    Find out more about the changes

  • Mortgage products - On Wednesday 23 April, we made changes to our mortgage product range. These include rate adjustments across our fixed rate products, and an increase to our Owner Occupier Joint Borrower Sole Proprietor maximum LTV to up to 90% (with no additional security required) for loans up to £500,000.

  • Online Service update. Due to planned essential maintenance our Online Service will be unavailable from 6pm until 12am on Wednesday 7 May. Our Online Service will also be unavailable between 5.30pm on Friday 9 May until 9am on Monday 12 May. We apologise for any inconvenience this may cause.

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Offset mortgages

New customers will no longer be able to apply for our Owner Occupier and Buy to Let Offset mortgage products. However, if you are an existing borrower, you will be able to apply for our Offset mortgage products for additional borrowing and product switches.

Additional borrowing Existing borrowers

The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Please note: new customers can not apply for our Owner Occupier and Buy to Let Offset mortgage products, but existing borrowers can still apply for additional borrowing and product switches.

 

An Offset mortgage works in a similar way to a standard mortgage. However, it has an additional feature known as an Offset Saver savings account. This savings account is linked to the mortgage. The amount of money in the Offset Saver savings account is deducted from the mortgage on which interest is charged.

You can choose to offset your savings to either reduce your monthly payments or reduce the term of your mortgage.

 

How does an Offset mortgage work?

Find out how you can offset your savings against your mortgage.

Find out more

Offset Saver account

The Offset Saver is linked to our Offset mortgage. Up to four Offset Saver accounts can be linked to an Offset mortgage, but each savings account may not be linked to more than one Offset mortgage.

Offset saver account

Frequently asked questions

You probably have lots of questions about how an Offset mortgage works. See answers to the most common questions here.

View our FAQs

Who can apply?

New customers will no longer be able to apply for our Owner Occupier and Buy to Let Offset mortgage products. However, if you are an existing borrower, you will be able to apply for our Offset products for additional borrowing and product switches.