YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
A fee of up to £1,250 or 2% of the loan amount, if greater, is payable on application. For example on a £100,000 mortgage, this would be equate to a fee of £2,000. An administration fee of £199 is included within our fee. We will also receive a commission from the lender.
An offset mortgage enables you to use your savings to reduce your mortgage balance and the interest you pay on it.
For example, if you borrowed £200,000, but had £50,000 in savings, you would only be paying interest on £150,000.
Offset mortgages are generally more expensive than standard deals, but can reduce your monthly payments, whilst still giving you access to savings.