MortgagesSep 7 2023

When is the right time to use an offset mortgage?

  • Explain how offset mortgages work
  • Describe the benefits an offset mortgage
  • Identify the right types of clients for this product
  • Explain how offset mortgages work
  • Describe the benefits an offset mortgage
  • Identify the right types of clients for this product
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Approx.30min
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Approx.30min
When is the right time to use an offset mortgage?
Almost £271bn of UK savings are currently being stored in accounts that pay zero interest. (Envato Elements)

The latest data from the Financial Conduct Authority’s mortgage lending and administration return shows that in December 2022, there were 830,000 offset mortgages – a total of 7 per cent of all mortgages in the UK.

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