Mortgages

The Britannia Offset Mortgage works by offsetting your savings account against your mortgage, so over the life of the mortgage, you effectively only pay interest on the difference. This could knock years off your mortgage by reducing the amount of interest paid overall.

Unlike many other lenders, with Britannia you don't need to go to the trouble of moving your current account, credit cards or loans. Your mortgage is just offset against your savings account so you don't have to worry about having all your finances in one place.

Remember that your savings won't earn any interest while they're offset, but because they don't earn interest, they're not subject to tax which makes the Britannia Offset mortgage tax efficient too.

Fast-forward to the end of your mortgage...

Pay off your mortgage faster with a Britannia Offet Mortgage. The rate offered will depend on your Loan to value (LTV). This is calculated by taking the amount you wish to borrow and dividing it by the current value of your property. You will then need to multiply this figure by 100 to get you LTV percentage.

For example: A mortgage of £80,000 on a purchase price of £100,000 would be 80% LTV.

Select the product option relevant to you, and use our offset demonstrator to calculate how many years you could take off your mortgage.

Option 1

Set up fees of £499 apply. Early Repayment Charges apply for the first three years	Set up fees of £499 apply. Early Repayment Charges apply for the first three years

Option 2

No Set up fees. Early Repayment Charges apply for the first three years	No Set up fees. Early Repayment Charges apply for the first three years

	YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE