Offset mortgage deals for your client | Accord Mortgages
Our range of Offset mortgage products gives your clients the best of both worlds.
Save money on repayments now or in the future
Shorten the mortgage term
Use our online product finder to search for the right offset deal for your client.
Offset is designed to be simple - so we don’t insist that your clients salary is paid into their savings account, and there is also no minimum opening deposit for their Offset Savings Account.
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:
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.
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.
Reduce the term of the mortgage
With this option, your client’s Offset savings are used to pay their mortgage off quicker. However, their monthly mortgage payments won’t reduce.
We offer your clients flexibility to switch between these options if their circumstances change.
Get started with Offset
Try our Offset Calculator to see how an Offset mortgage could benefit your clients.
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.
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