Notices

  • We’ll shortly be making some changes to our Online Service to make it simpler and easier for you to use.  

    Our new Online Service will have a modern design, improved navigation and many added benefits.  

    Find out more about the changes

  • From 1 March, our Windfall Bond savings account will earn you 3.50% annual interest (Gross AER).

    With exclusive entry into a monthly free prize draw with prizes ranging between £100 and £50,000.
    Click here to find out more and apply.

    Notice updated: 3 March 2025

  • IMPORTANT: The last day of the 2024 / 2025 tax year is Saturday 5 April.

    Our online and postal ISA applications for this tax year will close from 5pm on Friday 28 March until the morning of Monday 7 April. Find out full details and timings for opening and funding ISAs with us within the current tax year.

  • Mortgage products - From today, Monday 24 March, we’ve made changes to our mortgage product range. These include an increase to our Joint Borrower Sole Proprietor (JBSP) maximum loan size for Owner Occupier Repayment mortgages to £1,000,000, new Owner Occupier Interest-Only mortgages to 80% LTV, and the introduction of our House in Multiple Occupation (HMO) mortgages to general sale.

     

  • Our new 1 Year Fixed Rate Bond (54) paying 4.60% AER on balances of £10,000+ is now on sale. Exclusively online only.  Find out more here

  • Online Service update. Due to planned essential maintenance our Online Service will be unavailable between Tuesday 25 March at 10:00pm until Wednesday 26 March at 1:00am. We apologise for any inconvenience this may cause.

MORTGAGES_Savings-offset-mortgages-hub_994x437_150dpi

Offset mortgages

New customers will no longer be able to apply for our Owner Occupier and Buy to Let Offset mortgage products. However, if you are an existing borrower, you will be able to apply for our Offset mortgage products for additional borrowing and product switches.

Additional borrowing Existing borrowers

The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Please note: new customers can not apply for our Owner Occupier and Buy to Let Offset mortgage products, but existing borrowers can still apply for additional borrowing and product switches.

 

An Offset mortgage works in a similar way to a standard mortgage. However, it has an additional feature known as an Offset Saver savings account. This savings account is linked to the mortgage. The amount of money in the Offset Saver savings account is deducted from the mortgage on which interest is charged.

You can choose to offset your savings to either reduce your monthly payments or reduce the term of your mortgage.

 

How does an Offset mortgage work?

Find out how you can offset your savings against your mortgage.

Find out more

Offset Saver account

The Offset Saver is linked to our Offset mortgage. Up to four Offset Saver accounts can be linked to an Offset mortgage, but each savings account may not be linked to more than one Offset mortgage.

Offset saver account

Frequently asked questions

You probably have lots of questions about how an Offset mortgage works. See answers to the most common questions here.

View our FAQs

Who can apply?

New customers will no longer be able to apply for our Owner Occupier and Buy to Let Offset mortgage products. However, if you are an existing borrower, you will be able to apply for our Offset products for additional borrowing and product switches.