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Mortgage & Equity Release - Call Us 0117 403 4474

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What is your mortgage for?

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4.83% 5 Year Fixed

  • 65% LTV
  • Overall cost for comparison 5.9% APRC
  • £500 Cashback

Representative Example: Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Rate fixed for 60 months after which reverts to lender variable rate of 6.49%.

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4.89% 10 Year Fixed

  • 75% LTV
  • Overall cost for comparison 5.5% APRC
  • £1000 Cashback

Representative Example: Mortgage of £100,000 on property valued at £200,000 over term of 25 years. Rate fixed for 10 years after which reverts to lender variable rate of 6.24%.

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Offset Mortgage Calculator

Compare Offset Mortgage Rates - We compare all the leading mortgage deals available in the UK market. See the tables below for a selection of leading current deals or use our FREE mortgage calculator to find deals based on your requirements.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparison Product fee Monthly cost Enquire
Initial rate: 4.16%
Rate type: 5 year fixed
Monthly cost: £805.07 per month
Product fee: £699
Overall cost for comparison: 6.9% APRC
Barclays 4.16% 5 year fixed 6.9% APRC £699 £805.07 per month get quotes Broker Only Deal
Initial rate: 4.17%
Rate type: 5 year fixed
Monthly cost: £805.9 per month
Product fee: £899
Overall cost for comparison: 7% APRC
Barclays 4.17% 5 year fixed 7% APRC £899 £805.9 per month get quotes Broker Only Deal
Initial rate: 4.19%
Rate type: 5 year fixed
Monthly cost: £807.58 per month
Product fee: £995
Overall cost for comparison: 6.6% APRC
NatWest logo 4.19% 5 year fixed 6.6% APRC £995 £807.58 per month get quotes
Initial rate: 4.22%
Rate type: 5 year fixed
Monthly cost: £810.09 per month
Product fee: £0
Overall cost for comparison: 6.3% APRC
Santander logo 4.22% 5 year fixed 6.3% APRC £0 £810.09 per month get quotes Broker Only Deal
Initial rate: 4.24%
Rate type: 5 year fixed
Monthly cost: £811.77 per month
Product fee: £999
Overall cost for comparison: 6.6% APRC
Nationwide Building Society logo 4.24% 5 year fixed 6.6% APRC £999 £811.77 per month get quotes Broker Only Deal
Initial rate: 4.24%
Rate type: 5 year fixed
Monthly cost: £811.77 per month
Product fee: £999
Overall cost for comparison: 6% APRC
HSBC logo 4.24% 5 year fixed 6% APRC £999 £500 cashback £811.77 per month get quotes Broker Only Deal
Initial rate: 4.24%
Rate type: 5 year fixed
Monthly cost: £811.77 per month
Product fee: £995
Overall cost for comparison: 6.7% APRC
NatWest logo 4.24% 5 year fixed 6.7% APRC £995 £811.77 per month get quotes
Initial rate: 4.29%
Rate type: 5 year fixed
Monthly cost: £815.97 per month
Product fee: £995
Overall cost for comparison: 7% APRC
TSB logo 4.29% 5 year fixed 7% APRC £995 £815.97 per month get quotes
Initial rate: 4.29%
Rate type: 5 year fixed
Monthly cost: £815.97 per month
Product fee: £999
Overall cost for comparison: 6.6% APRC
Nationwide Building Society logo 4.29% 5 year fixed 6.6% APRC £999 £815.97 per month get quotes Broker Only Deal
Initial rate: 4.31%
Rate type: 5 year fixed
Monthly cost: £817.65 per month
Product fee: £999
Overall cost for comparison: 7% APRC
Halifax 4.31% 5 year fixed 7% APRC £999 £250 cashback £817.65 per month get quotes
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Offset Mortgage Calculator

If you have substantial savings in addition to your mortgage, you could save on your monthly mortgage payments by considering an offset mortgage. To compare a wide selection of offset mortgage options, use our mortgage calculator above to find the best offset deals.

How does an offset mortgage work?

This type of mortgage works by offsetting your savings against what you owe on your mortgage, therefore reducing the overall amount of interest that you have to pay on the mortgage. So, for example, you might have a mortgage of £150,000 on which you are paying interest. However, if you offset the mortgage against £30,000 in savings, you will only be paying interest on the difference – in this case, £120,000. Over the life of the mortgage, this can save you a considerable sum in interest payments.

What are the benefits of an offset mortgage?

  • The opportunity to beat low savings rates - the interest you are likely to be charged on your mortgage will usually be far more than you can earn on your savings in an equivalent easy-access account which will also usually be taxed. But, if you use savings to offset your mortgage, you will have no tax to pay on these savings. This could be especially important to those mortgage borrowers who are also higher rate taxpayers.

  • Access your savings when you need to - you don’t have to lock up your savings for the duration of the mortgage.

  • Pay off your mortgage faster – because you are paying interest on a lower amount on an offset mortgage you may be able to pay off the mortgage more quickly than an equivalent repayment mortgage.

What are the potential drawbacks of offset mortgages?

  • Potential for higher rate changes - the rates charged operating on offset mortgages may often be higher than those on standard mortgages.

  • Savings requirement – many people don’t have a large enough savings pot to benefit from an offset mortgage, which means that they are not suitable for everyone.

To compare top mortgage interest rates and find the best mortgage deals for you, use the mortgage calculator to search over 5,000 mortgage deals based on your personal circumstances.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

Fair Mortgages Limited is an appointed representative of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority.