Offset Mortgages

Looking for a bigger place or just a better mortgage deal? With Barclays' Offset mortgage, you could reduce the life of your mortgage term or save in interest repayments.

You'll also benefit from the option to offset your eligible savings and current accounts against the total amount you owe.

Offset mortgages are aimed to help borrowers reduce the life of their mortgage or reduce monthly repayments by offsetting their current account and savings against their mortgage.

You'll have the option to offset up to four current accounts and 12 Openplan Savings 'pots' against the amount owed on your Offset mortgage. You could even offset your Barclays mini-cash ISA.

You're only charged interest on the difference between your offset mortgage and the balances in your current and savings accounts, meaning you could potentially pay off your offset mortgage sooner or reduce your monthly mortgage repayments. Interest is not received on the savings offset.

A Barclays Offset mortgage could allow you to repay any amount without incurring an early mortgage repayment charge. Moreover, you could have the option to set up a Mortgage Reserve Secured overdraft facility, which enables further borrowing at mortgage rates.

Contact Barclays on 0800 316 5500*, or visit your nearest Barclays branch to discuss all your Offset mortgage options today.