Offset mortgage interest - from Barclays
The money saved with offset mortgage interest could make a difference to your financial well-being. An Offset Tracker mortgage could reduce the life of your mortgage term or reduce your monthly repayments. Take a look at the interest you could save with an offset mortgage from Barclays, whether you are looking for a new home or just a better mortgage deal.
How an offset mortgage saves you interest
With an offset mortgage, you are only charged interest on the difference between your mortgage and the balances in your current and savings accounts. Although you'll no longer earn interest on the money in your savings and current accounts, the interest you would have earned on your savings is less than you pay out in mortgage interest - potentially saving you thousands of pounds in interest payments.
Offset mortgages - interest and other benefits
There are many benefits to an offset mortgage, including:
- The option to open Openplan Savings accounts when applying for an Offset Mortgage.
- The ability to offset up to four current accounts and up to 12 Openplan Savings 'pots' against the amount owed on your mortgage.
- You can even offset your Barclays cash ISA.
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