OFFSET MORTGAGES
Offset mortgages are a smart, flexible way to reduce the interest paid on your mortgage and potentially pay it off sooner. At Watts Mortgage and Wealth Management Ltd, an independent whole-of-market mortgage broker based in Nantwich, Cheshire, we specialise in helping clients across the UK find the most suitable offset mortgage deals for their needs.
Whether you’re self-employed, a high earner, or simply want to make your savings work harder, an offset mortgage could be the right choice for you.
An offset mortgage links your savings account to your mortgage balance. Instead of earning interest on your savings, the savings balance is used to offset the amount of mortgage interest you pay. For example, if you have a £150,000 mortgage and £30,000 in savings, you’ll only be charged interest on £120,000. What’s more, you could also protect your savings from tax. The important thing to remember is that offset mortgages are likely to have higher interest rates.
Offset mortgages can help reduce your monthly payments or shorten your mortgage term, whichever suits your financial goals.
- Save more, stress less: Pay less interest over time and reduce the total cost of your mortgage.
- Faster freedom: Potential to pay off your mortgage earlier and become debt-free sooner.
- Access when it matters: Flexible access to your savings, whenever you need them.
- Smart choice for professionals: Ideal for higher-rate taxpayers and the self-employed.
- Money that works smarter: Use your savings efficiently, without locking them away.
- Independent and whole-of-market: We work for you, not the lenders.
- Exclusive options: Access to offset mortgage deals not available on the high street.
- Personalised service: One-to-one consultations from our Nantwich office or the comfort of your home.
- Local and national expertise: Based in Nantwich, Cheshire, with a friendly and knowledgeable team, we’ve won numerous national mortgage advisor awards and have been in business for over 35 years.
- Great reviews: We’re rated five stars for personalised service.
- Keep your savings consistent
The more you have in your linked savings account, the less interest you pay, so aim to maintain a healthy balance. - Use lump sums wisely
Windfalls like bonuses or inheritance can make a big difference. Offset them against your mortgage to cut your term or monthly payments. - Choose the right lender
Not all offset mortgages are the same. As a whole-of-market broker, we’ll compare deals across the entire UK mortgage market to find the best one for you. - Consider tax benefits
Offset mortgages can reduce your exposure to savings tax, particularly helpful for higher or additional-rate taxpayers. - Review regularly
Your needs change over time. Let us review your mortgage annually to ensure it still fits your goals and circumstances.
Book a free initial consultation today and discover how an offset mortgage could benefit you. Find out more about the right mortgage for you by getting in touch on 01270 620555 or filling in the enquiry form. We’d be delighted to assist you.
MAKE AN ENQUIRY
If you’re looking for mortgage advice, contact Watts IFA today. Our expert team can help you secure the best mortgage based on your contracting status and financial situation.
Dean Savage
Senior Mortgage Adviser
“I have advised and arranged many offset mortgages for clients over the last 20 plus years helping them to utilise their savings in a tax efficient manner to reduce mortgage interest and repay lending over a shorter term.
Myself and the team at Watts Mortgage and Wealth Management would be delighted to assist clients in helping them secure a mortgage, which matches their personal circumstances and requirements.”
With our extensive experience and access to a vast lender network, Watts Mortgage & Wealth Management Ltd is the ideal partner for those seeking a tailored mortgage solution. Contact us today, and let our dedicated advisers guide you through the process.
AWARDS AND ACHIEVEMENTS
FAQs for offset mortgages
Offset mortgages are ideal for people with significant savings, irregular income (such as the self-employed), or those who want to reduce the long-term cost of their mortgage.
Yes. Offset mortgages offer flexibility, your savings remain accessible. You can deposit or withdraw money as needed.
Some offset mortgage interest rates can be slightly higher than standard deals, but the potential savings on interest often outweigh this. We’ll help you assess the true cost and benefit.
No, your savings don’t earn interest. Instead, they reduce the mortgage interest you pay, this can be more tax-efficient, especially for higher-rate taxpayers.
Many lenders allow joint or family offset arrangements. Speak to our qualified advisers about your specific situation.
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Welcome to Watts!
Our friendly, knowledgeable and experienced team are here to help find the right mortgage and life insurance for you. We have helped thousands of clients, over 30 years buy their dream home and ensure their family is protected.
We are a family business and pride ourselves on our customer service. As an independent company, we can search from over 100 lenders and insurance companies to help you get the best deal.
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We search over 100 lenders to find the right mortgage for you
I just wanted to say a massive thank you for your assistance in my purchase. I would like to place on record my appreciation of the professionalism and tenacity of Emma. She has kept me fully updated in terms of progress and answered all of my questions in a timely manner. Great service and hope we can do business again in the future.
A. Henshall
