Offset mortgages can be a great way to arrange your finances if you have savings that aren’t working well for you because of low interest rates.
An offset mortgage allows you to link your savings account to reduce your monthly interest on your mortgage payment. To simply say, if you have a mortgage for £100,000 and savings of £10,000 you will make mortgage payments for £90,000. This works differently to the standard mortgage.
Speak to us at Advance Mortgages to get more information.
