Offset Loans

With an offset loan, the interest on your mortgage is reduced by the funds in both your savings accounts and your current accounts.

The more money you have in your savings account, the less interest you pay on your mortgage, which helps you to repay your mortgage faster and cheaper.

Did you know?

• You could use your income more effectively to pay less interest over the life of the loan.
• That having separate savings and mortgage accounts is costing you money.
• Offset accounts have almost as much flexibility as lines of credit.
• Offset loans tend to have slightly lower interest rates than lines of credit.

Do you earn large commissions or have an irregular income?

People who will find offset mortgages very suited to them are people with volatile incomes, such as the self-employed or people who are paid large bonuses. People with significant savings may also find offset mortgages useful.

Don’t be caught out: ensure you get a true 100% offset account

Make sure that your offset account is a 100% offset and not one that pays a lower rate of interest than your mortgage.

Contact us now to find out more

Contact us without obligation to find out more about offset loans.