• Homes for Ukraine - important information can be found here.

  • Rate changes following Bank of England decision to raise its Bank Rate to 1.25% on 16 June.

    the majority of our variable savings rates have been increased from 24 June. Rate increases for Windfall Bond and Tracker Savings Bond apply from 1 July. (Updated 1 July.)

    Mortgages: our variable mortgage rates will increase and we are in the process of writing to affected customers with details of their revised payments, interest rate and effective date. Product rates now shown on the website reflect this increase. (Updated 1 July.)


Offset mortgages

Our Offset mortgages allow you reduce the amount of interest you pay by offsetting your savings against your mortgage.

See all Owner Occupier Offset mortgages See all Buy to Let Offset mortgages

The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Offset mortgages work in a similar way to traditional mortgage arrangements, except a savings account is attached to the mortgage. 

In particular, offset mortgages are suitable for those who have money set aside but don’t need to use it right away, such as savings earmarked for a wedding. They can also suit you if you’re self-employed and need some money set aside to pay tax twice a year.

If you have any questions please contact our New Business Team who will be happy to provide more information.

Do you already have a mortgage with us? If you want to borrow more or switch to another mortgage product we have a range of mortgage products available.

Please note: Our Offset mortgages may be suitable for you if you're able to utilise savings, or any excess income, to either reduce your monthly payment or pay off the mortgage more quickly. Savings held in the Offset Saver can be accessed easily, however withdrawing savings will reduce the amount you save on your mortgage payments, or change the time it takes to pay off the mortgage.

An offset mortgage may not be suitable if you do not have adequate savings or excess income to add to the Offset Saver.

How does an Offset mortgage work?

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

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 mortgage calculator

Use our Offset mortgage calculator to see how your savings could reduce your mortgage term or monthly payments.

Offset mortgage enquiry form

Answer three quick questions and we will get back to you to explain how an Offset mortgage could work for you.

Case study

Read our case study and see how the Offset mortgage works in reality.

Frequently asked questions

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