UK Mortgages and Loans is the complete resource for mortgages, remortgages, adverse credit and all types of UK loans and UK residential mortgages.

UK Mortgages & Loans -> Offset Mortgage

Offset mortgages are basically the same as a normal current account mortgage. It is just instead of having the whole lot in a single account, all of the accounts are actually held separately.

The concept of an offset mortgage is that it treats the customers’ money as one large amount, with each constituent (mortgage, current, savings account etc) independent to the rest. The effect of this is fundamentally a large overdraft, though it does behave differently.