See if I can save by offsetting
You can receive the benefits of offsetting in different ways, by shortening the term of your mortgage, lowering your monthly payments or reducing the amount you owe on your mortgage. Whichever way you choose to receive your offset benefits you could be saving money.
The balance in your Intelligent Finance savings and/or current account reduces the balance on which you pay interest on your mortgage - and, because you don't receive interest on your current account and direct access savings when offsetting, there is no tax to pay on the amount being offset.
Even if you don't have any savings, you could pay your regular salary into your Intelligent Finance current account and benefit from offsetting that money against your mortgage. It doesn't matter that the amount of money in your current account will vary - whatever's in there from day to day will go towards offsetting the amount you owe on your mortgage.
You can use our handy Offset Calculator to see if offsetting your mortgage could save you money.
0845 605 8585 ¹
- if you're an existing customer moving home
- if you need help with your application
¹ Calls to 0845 numbers from BT landlines will cost a maximum of 4p per minute, plus a 6p call set-up fee. The price of calls from other telephone companies will vary. The call price is correct at May 2008.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Please note that our mortgage range is available to new mortgage customers and to existing Intelligent Finance mortgage customers who are moving home.