Offset Mortgages

Our range of Offset mortgage products gives your clients the best of both worlds.

  • Save money on repayments now or in the future

  • Pay the mortgage off sooner

Use our online product finder to search for the right offset deal for your client.

Offset is designed to be simple - we don’t insist that your client's salary is paid into their savings account, and there's no minimum opening deposit for their Offset Savings Account.

Offset options

Offset mortgages work in a fairly simple way - the money in an Offset savings account, instead of earning interest, reduces the amount of interest your client pays on their mortgage. So, they’re only charged interest on the difference between the money in their Offset savings account and the amount they owe on their mortgage.

There are 3 main options for your client to choose from:


Net payment

Reduce current mortgage repayments

With this option, your client will be using their Offset savings to lower their monthly mortgage payments now, but their mortgage won’t be paid off any sooner.


Gross payment

Reduce future mortgage repayments

Here your client’s Offset savings are used to lower their monthly payments each year going forwards but they also won’t pay off their mortgage any sooner. Every year your client’s payment is recalculated, based on their reduced mortgage balance and the remaining mortgage term.


Static payment

Pay the mortgage off sooner

A ‘static’ direct debit amount is set up and maintained throughout the mortgage term which effectively pays the mortgage balance off quicker. Your client’s monthly direct debit payment will not reduce even though the registered monthly mortgage payment will. The ‘static’ payment can be amended at any time.

Ensure you input, in MSO, the total mortgage payment amount to be set up; this is what will be collected via direct debit each month. This needs to be equal to or higher than the gross monthly payment to take effect.

We offer your clients flexibility to switch between these options if their circumstances change.


Get started with Offset

Product finder

Use our online product finder to search for the right Offset deal for your client.

Our Offset mortgages can be operated online so it’s easy for your clients to:

  • Change personal details, including the username and password they use to login.

  • View the balance and statements for their Offset Mortgage & Offset Savings Account(s).

  • Transfer money out of their savings account(s) and arrange regular payments and standing orders.

  • Make debit card payments to their Offset Savings Account.

  • Send us a secure message.

Product finder

Search our range of mortgage deals with our easy-to-use product finder tool.

  Product finder


Affordability Calculator

Our Affordability Calculator will give you a quick estimate of how much your client could borrow.

  Affordability calculator


Offset Terms and Mortgage Conditions


We open the Offset Savings Account(s) with Yorkshire Building Society, as a trustee of the savings account(s) on your client's behalf. Your client(s) will not be a member of, or have any membership rights in, Yorkshire Building Society.