Understanding offset mortgages
When choosing the most suitable mortgage deal for you, assessing all options open to you is a prudent move.
Offset mortgages are a popular choice and in this guide, we’ll look at what they are and how they work, so you can get a feel for whether it’s a potential option you may want to consider.
What is an offset mortgage?
The offset mortgage is growing in popularity. It links your mortgage to your savings account. The value in your savings account is deducted from your mortgage balance, meaning you pay interest on the balance, which reduces your monthly payments.