Offset mortgage
Mortgages & secured lendingA mortgage that links your savings to reduce interest costs.
Overview
Savings balance offsets part of the mortgage balance for interest calculations.
You usually do not earn interest on the linked savings.
Why it matters
- It can reduce interest paid over time.
- It provides flexibility for savings access.
- It can suit borrowers with larger cash balances.
FAQs
Is an offset mortgage always cheaper?
It depends on your savings balance and rate compared to other deals.
Do I lose access to my savings?
No. You can usually access savings, but it affects the offset amount.
Related terms
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