Offset Mortgages
Make your savings work harder for you.
An offset mortgage links a savings or current account to your mortgage, allowing you to reduce the interest you pay by offsetting your savings against the outstanding loan balance. This can either lower your monthly repayments or help you repay your mortgage more quickly, depending on how you structure it.
When you have savings in an offset account, the balance is deducted from your mortgage amount for interest calculations. For example, if you owe £200,000 on your mortgage and have £50,000 in your linked savings account, you’ll only pay interest on £150,000. While this can lead to significant savings, offset mortgages often come with slightly higher interest rates and may not be available from all lenders.
At LOUPE, we can help you assess whether an offset mortgage is the right choice for you, finding the most competitive deals available and ensuring it aligns with your financial goals.
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Ready to explore your Offset Mortgage options? Our team is ready to guide you through the process and help you make informed decisions.