Offset Mortgages

Most mortgage borrowers also have savings, even if they are small, and using this money to cancel out mortgage debt makes sense. This is the basic principal behind offset mortgages.  With interest only paid on the balance between savings and mortgage debt you achieve the same effect as overpaying a home loan: but you retain the ability to get the money back if you need it. Check out the best offset mortgage rates with our Best Buy table.

Overpayment

A mortgage repayment bigger than the one needed to meet the loan’s minimum requirements. Mortgages that allow these without penalty are often useful for people whose type of employment means that from time to time they receive significant bonuses or other influxes of money. Our mortgage overpayment calculator can give you an idea of how much you could save by overpaying your mortgage.