In return for not receiving any interest on their savings, the homeowner pays a lower rate of interest on their mortgage: an arrangement known as ‘offsetting’. An Offset mortgage is only available where both the mortgage account and the savings account/accounts are with the same provider.

On a £200,000 mortgage for example, if the homeowner offset £20,000 of their savings against their mortgage, he or she would pay interest on the outstanding balance — i.e. £180,000. As the rates of interest charged on mortgages are usually higher than those paid on savings accounts, offsetting can be more financially advantageous to the borrower.

Furthermore, homeowners can use an Offset Mortgage to either shorten the term of their mortgage, or reduce the monthly repayments. Borrowers who wish to shorten the term of their mortgage would base their monthly repayment on the full £200,000 mortgage and pay more each month than the lender requires them to. Or the homeowner could base their monthly repayment on the lower (offset) figure of £180,000, which would reduce the monthly repayment but the term of the mortgage would remain the same.

Another aspect of an Offset Mortgage relates to income tax. In addition to reducing the interest on their mortgage, the homeowner might pay less income tax simply because their savings are not earning any interest.

Apart from the money in the savings account, some providers allow borrowers to offset the cash in their current accounts and their cash ISAs against their mortgage debt. If the borrower makes withdrawals from any of the accounts that are linked to their mortgage, the amount of savings offset against their mortgage reduces.

In common with other mortgages, Offset Mortgages are available on a fixed and variable rate of interest basis, although some borrowers charge a higher rate of interest for providing an Offset Mortgage than a standard variable rate mortgage.

Get your no-obligation mortgage quote now
Tell us a little bit about yourself to help us find you the most suitable deals available

Our Main Skills.

It's What We Do

  • Interest Only

    An interest only mortgage is an effective way of reducing your mortgage payments...

  • Over 65

    Many lenders have made borrowing beyond state retirement much tougher...

  • Self Employed

    Each lender has a different risk assessment for self employed mortgage...

  • Buy To Let

    Comparing buy to let mortgages with us is easy...

See What Our Clients Have To Say About Us.


Our Services.

For Your Benefit


Mortgages are loans which are intended to help buyers purchase residential property. When you take out a loan, the lender charges interest: the...

view more


Get the right mortgage for you.

At Remortgage-Right.co.uk we are a part of Active Finance UK  and work to help customers find the right mortgage.

We specialise in helping customers who face more challenging circumstances, securing mortgages for customers where age, income or repayment strategy is considered ‘non standard’. When the high street says no to a mortgage it does not need to be the end of the road, access the wider mortgage market with the help of a mortgage professional can help you to achieve your mortgage goals and continue plan for the future.

Simply complete our short form to start your mortgage search today




Feefo Platinum Award

19th January 2022, Active Finance UK has won the Feefo Platinum Trusted Service award.

Since 2014, Feefo has recognised the businesses who deliver exceptional experiences, using feedback from real customers.

The Trusted Service Awards are unique as they are based purely on feedback from real customers. This means they are a true reflection of commitment to outstanding customer service.

Feefo have given Platinum Trusted Service awards to businesses who have achieved Gold standard for three consecutive years. To receive a Gold Trusted Service award, businesses must have collected at least 50 reviews with a Feefo service rating of between 4.5 and 4.9 between 1st January 2020 and 31st December 2021.

Russell Jenkins, Active Finance UK commented: “We’re thrilled to receive this award from Feefo. It means a lot because it’s based on feedback from our customers and, ultimately, keeping them happy is why we come to work each day. The award also recognises just how hard our staff have worked in really difficult circumstances. We’re fully committed to the highest quality of service, so it’s vital for us to listen, understand and respond to all our customers.”

This award means even more following another difficult year. Online interactions have soared since the start of coronavirus. People are now 40% more likely to leave feedback after a purchase. This has made it very difficult for many businesses who struggled to respond effectively. 43% of people now believe that companies have become less effective at dealing with negative feedback in the last year.

Congratulating Active Finance UK, Kim Burgess, Head of Customer Success at Feefo, said:

“The Trusted Service Awards recognise companies who above and beyond to provide the very best customer experience.

“I’m so impressed by how our customers have overcome the challenges of the past two years. A particular congratulations to our Platinum Trusted Service winners. It’s an extremely tough challenge.

“I can’t wait to see what our customers achieve next year in 2022.”

Feefo is a leading global customer reviews and insights platform on a mission to empower its clients to fully understand how their customers experience their product or service.

0800 368 8122
Elan House,
5A Little Park Farm Road,
Fareham PO15 5TT .