Compare Offset Mortgages

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  • Coventry BS's logo'

    Coventry BS 2 Year Fixed

    • Offset
    • Initial Rate
      1.55% Fixed to 30/09/2023
    • APRC
      4.00%
    • Product Fee
      £999
    • Monthly Repayment
      £704.01
    Continue on Fluent Mortgages' website + More Info
  • Coventry BS's logo'

    Coventry BS 2 Year Fixed

    • Offset
    • Initial Rate
      1.65% Fixed to 30/09/2023
    • APRC
      4.00%
    • Product Fee
      £999
    • Monthly Repayment
      £712.29
    Continue on Fluent Mortgages' website + More Info
  • Barclays Mortgage's logo'

    Barclays Mortgage 2 Year Variable

    • Offset
    • Cashback Available
    • Initial Rate
      1.72% Variable (collared at 1.62%) for 2 years
    • APRC
      3.40%
    • Product Fee
      £1,749
    • Monthly Repayment
      £718.12
    Continue on Barclays Mortgage's website + More Info
  • Coventry BS's logo'

    Coventry BS 5 Year Fixed

    • Offset
    • Initial Rate
      1.79% Fixed to 30/09/2026
    • APRC
      3.50%
    • Product Fee
      £999
    • Monthly Repayment
      £723.98
    Continue on Fluent Mortgages' website + More Info
  • Beverley BS's logo'

    Beverley BS 2 Year Discounted Variable

    • Offset
    • Initial Rate
      1.82% Discounted Variable for 2 years (3.17% disc)
    • APRC
      4.60%
    • Product Fee
      £995
    • Monthly Repayment
      £726.51
    Continue on Fluent Mortgages' website + More Info
  • Coventry BS's logo'

    Coventry BS 5 Year Fixed

    • Offset
    • Initial Rate
      1.89% Fixed to 30/09/2026
    • APRC
      3.60%
    • Product Fee
      £999
    • Monthly Repayment
      £732.41
    Continue on Fluent Mortgages' website + More Info
  • Yorkshire Building Society's logo'

    Yorkshire Building Society 2 Year Fixed

    • Offset
    • Cashback Available
    • Initial Rate
      1.93% Fixed to 31/10/2023
    • APRC
      3.60%
    • Product Fee
      £0
    • Monthly Repayment
      £735.80
    Continue on Fluent Mortgages' website + More Info
  • Yorkshire Building Society's logo'

    Yorkshire Building Society 2 Year Fixed

    • Offset
    • Initial Rate
      1.95% Fixed to 31/10/2023
    • APRC
      3.80%
    • Product Fee
      £0
    • Monthly Repayment
      £737.49
    Continue on Fluent Mortgages' website + More Info
  • Hinckley & Rugby BS's logo'

    Hinckley & Rugby BS 2 Year Discounted Variable

    • Offset
    • Cashback Available
    • Initial Rate
      1.99% Discounted Variable for 2 years (3.90% disc)
    • APRC
      4.60%
    • Product Fee
      £999
    • Monthly Repayment
      £740.89
    Continue on Fluent Mortgages' website + More Info
  • Chelsea Building Society's logo'

    Chelsea Building Society 2 Year Fixed

    • Offset
    • Initial Rate
      2.05% Fixed to 31/10/2023
    • APRC
      3.80%
    • Product Fee
      £0
    • Monthly Repayment
      £746.01
    Continue on Fluent Mortgages' website + More Info
  • Coventry BS's logo'

    Coventry BS 2 Year Fixed

    • Offset
    • Initial Rate
      2.05% Fixed to 30/09/2023
    • APRC
      4.00%
    • Product Fee
      £0
    • Monthly Repayment
      £746.01
    Continue on Fluent Mortgages' website + More Info
  • Yorkshire Building Society's logo'

    Yorkshire Building Society 5 Year Fixed

    • Offset
    • Cashback Available
    • Initial Rate
      2.07% Fixed to 31/10/2026
    • APRC
      3.20%
    • Product Fee
      £0
    • Monthly Repayment
      £747.72
    Continue on Fluent Mortgages' website + More Info
  • Yorkshire Building Society's logo'

    Yorkshire Building Society 5 Year Fixed

    • Offset
    • Initial Rate
      2.10% Fixed to 31/10/2026
    • APRC
      3.50%
    • Product Fee
      £0
    • Monthly Repayment
      £750.29
    Continue on Fluent Mortgages' website + More Info
  • Beverley BS's logo'

    Beverley BS 3 Year Discounted Variable

    • Offset
    • Initial Rate
      2.15% Discounted Variable for 3 years (2.84% disc)
    • APRC
      4.40%
    • Product Fee
      £995
    • Monthly Repayment
      £754.59
    Continue on Fluent Mortgages' website + More Info
  • Coventry BS's logo'

    Coventry BS 5 Year Fixed

    • Offset
    • Initial Rate
      2.15% Fixed to 30/09/2026
    • APRC
      3.60%
    • Product Fee
      £0
    • Monthly Repayment
      £754.59
    Continue on Fluent Mortgages' website + More Info
  • Coventry BS's logo'

    Coventry BS 2 Year Fixed

    • Offset
    • Initial Rate
      2.15% Fixed to 30/09/2023
    • APRC
      4.00%
    • Product Fee
      £0
    • Monthly Repayment
      £754.59
    Continue on Fluent Mortgages' website + More Info
  • Beverley BS's logo'

    Beverley BS 2 Year Discounted Variable

    • Offset
    • Initial Rate
      2.19% Discounted Variable for 2 years (2.80% disc)
    • APRC
      4.40%
    • Product Fee
      £0
    • Monthly Repayment
      £758.04
    Continue on Fluent Mortgages' website + More Info
  • Chelsea Building Society's logo'

    Chelsea Building Society 5 Year Fixed

    • Offset
    • Initial Rate
      2.20% Fixed to 31/10/2026
    • APRC
      3.40%
    • Product Fee
      £0
    • Monthly Repayment
      £758.90
    Continue on Fluent Mortgages' website + More Info
  • Clydesdale Bank's logo'

    Clydesdale Bank 2 Year Discounted Variable

    • Offset
    • Initial Rate
      2.24% Discounted Variable to 31/10/2023 (2.31% disc)
    • APRC
      4.30%
    • Product Fee
      £999
    • Monthly Repayment
      £762.36
    Continue on Fluent Mortgages' website + More Info
  • Yorkshire Bank's logo'

    Yorkshire Bank 2 Year Discounted Variable

    • Offset
    • Initial Rate
      2.24% Discounted Variable to 31/10/2023 (2.31% disc)
    • APRC
      4.30%
    • Product Fee
      £999
    • Monthly Repayment
      £762.36
    Continue on Fluent Mortgages' website + More Info
  • Coventry BS's logo'

    Coventry BS 5 Year Fixed

    • Offset
    • Initial Rate
      2.25% Fixed to 30/09/2026
    • APRC
      3.60%
    • Product Fee
      £0
    • Monthly Repayment
      £763.23
    Continue on Fluent Mortgages' website + More Info
  • Yorkshire Building Society's logo'

    Yorkshire Building Society 2 Year Fixed

    • Offset
    • Initial Rate
      2.42% Fixed to 31/10/2023
    • APRC
      3.90%
    • Product Fee
      £0
    • Monthly Repayment
      £778.05
    Continue on Fluent Mortgages' website + More Info
  • Yorkshire Building Society's logo'

    Yorkshire Building Society 2 Year Fixed

    • Offset
    • Cashback Available
    • Initial Rate
      2.45% Fixed to 31/10/2023
    • APRC
      3.70%
    • Product Fee
      £0
    • Monthly Repayment
      £780.68
    Continue on Fluent Mortgages' website + More Info
  • Beverley BS's logo'

    Beverley BS 3 Year Discounted Variable

    • Offset
    • Initial Rate
      2.49% Discounted Variable for 3 years (2.50% disc)
    • APRC
      4.40%
    • Product Fee
      £0
    • Monthly Repayment
      £784.20
    Continue on Fluent Mortgages' website + More Info
  • Yorkshire Building Society's logo'

    Yorkshire Building Society 5 Year Fixed

    • Offset
    • Cashback Available
    • Initial Rate
      2.51% Fixed to 31/10/2026
    • APRC
      3.40%
    • Product Fee
      £0
    • Monthly Repayment
      £785.96
    Continue on Fluent Mortgages' website + More Info

Your home may be repossessed if you do not keep up repayments on your mortgage.

The mortgage data above was supplied by Moneyfacts Group Plc and is updated at the time of mortgage search. The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

Our mortgage comparison service is partnered with Fluent Mortgages for selections made outside of our featured lenders. Featured lenders are firms with whom we have a direct commercial relationship.

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Last updated on 09 November 2020.

Offset Mortgages FAQ

How does an offset mortgage work?

With an offset mortgage you can use your savings to reduce the interest payments on your mortgage. You will only pay interest on your mortgage less your savings amount. For example, if you have a £200,000 mortgage but you have £40,000 in savings, you'll only pay interest on £160,000.

Will I pay more for an offset mortgage?

Yes, offset mortgages tend to have higher rates than regular mortgages.

What types of offset mortgage are on offer?

As with regular mortgages there are fixed rate offset mortgages and variable rate offset mortgages on offer, including tracker, lifetime tracker or discount rate offsets.

What fees will I pay with an offset mortgage?

As with all mortgages you could pay an arrangement fee, booking fee, valuation fee and legal fees. However, not all fees apply to all products.

What are the benefits of offset mortgages?

With an offset mortgage you can choose how to benefit from the savings you make on interest. You can either reduce your monthly repayments or you can pay the same each month but reduce the mortgage term, allowing you to clear your mortgage in a shorter amount of time.

What are the downsides of offset mortgages?

Your savings won't earn any interest - although that does mean you won't pay any tax on them.

Offset mortgages do tend to be more expensive so be prepared to pay a slightly higher rate.

What criteria will I have to meet to get an offset mortgage?

The criteria for offset mortgages in no different from the general criteria mortgage lenders will expect you to meet for all mortgages, such as having a good credit score and being within the lender's age limit. There's no minimum savings limit either however if you don't have a large amount of savings it is worth doing your sums to see if an offset will benefit you. You'll be paying a higher rate for the mortgage so the discount on interest that your savings afford you will need to justify that.

Most lenders will also require at least a 20% deposit.

How can I compare offset mortgages?

Using NerdWallet's comprehensive comparison tables you can compare offset mortgages by rate, fee and overall cost to ensure you find the right mortgage for you.