Offset Mortgage

Offset mortgages are still a relatively new sector of the mortgage market and one that is expanding rapidly.
This type of mortgage offsets the amount of interest you pay by considering the money you have in savings and current accounts.This amount is then offset against your mortgage balance and you will, as a result, pay less interest. You will not receive interest on any savings that are offset against a mortgage.
You have the ability to choose if you wish either to pay less each month or pay off your loan earlier.
All credit card debt, personal loans and further debt can be included within an offset product leading to a lower overall repayment rate.

Do I suit an offset mortgage?

Those people best suited to an offset mortgage have large and volatile incomes or significant savings.
However, paying your regular salary into your current account and using this to offset against your mortgage could still save you money.

What's more, with an offset you would still have the same access to your account funds as any normal bank account.

At Hurleys we have access to the whole of the market and will advise you if this is the most suitable product for you, which lender to choose and the most efficient way to proceed.

Contact us now or click on the enquiry form and we guarantee one of our fully qualified consultants will contact you the same working day.