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Offset Mortgage calculator
Existing Offset Mortgage customers only
Your home may be repossessed if you do not keep up your payments
With an Offset Mortgage we take your savings into account when working out your interest. Say you have a mortgage of £100k and £20k in savings. You only pay interest on the difference – which in this case is £80k. Enter your details below to see how much your Offset Mortgage could save you in interest payments.
How we calculate these savings
- the calculator assumes your interest rate will stay the same for the term of your mortgage
- we’ve evened out the months so they’re all the same length – 30.4 days each – so monthly interest will be consistent
- repayments are rounded up or down to the nearest pound
- we’ve rounded time saved down to the closest month
- interest is calculated daily and added monthly
- interest saved is rounded up or down to the nearest pound
- the calculator assumes the total savings balance is held in a linked account(s) and remains constant throughout the term of the mortgage
- if your total savings increase or decrease on an adhoc basis, your monthly interest payments will also change respectively.
Please note – the information in this calculator is for illustrative purposes only and isn’t a precise calculation. This information doesn’t include all of the details you need to either make an overpayment or choose a mortgage. Make sure you read the separate Mortgage Illustration before you choose a mortgage.
Find the mortgage for you
Remember: Offset Mortgages are only available to existing Offset Mortgage customers
Think carefully before securing other debts against your home. Your home may be repossessed if you don't keep up repayments on your mortgage.
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