Your home may be repossessed if you do not keep up repayments on your mortgage
When you take out an Offset mortgage, you’ll be given the option to open up to 6 linked Yorkshire Bank offset accounts which can be any mixture of eligible savings and current accounts. However, you would no longer get interest on these savings and current accounts. The money you deposit into these accounts will then be offset against the amount you owe on your mortgage. As interest is only charged on the difference between the credit balances in your accounts and your debit mortgage balance, the more money you have in these linked accounts, the more interest you will save.
Anyone with a positive balance in their savings or current account could save with this mortgage. Because your interest is calculated daily, you can make your money work harder every day it’s in your account.
Applicants must be aged 18 or over. All loans are subject to status. Security will be required
The value of any tax benefits to you depends on your individual circumstances, the Law and Her Majesty’s Revenue and Customs (HMRC) practice which are subject to change.
Until 31st May 2018, we’re offering £500 cashback on a selected range of mortgages. You’ll receive your cashback once the mortgage has drawndown as long as you have borrowed a minimum of £75,000, are at least 18 years old and live in the UK.
Excludes offset variable rate, buy-to-let, some other variable rate and private mortgages and internal product switches. Fees may apply. All loans subject to status.
Please review our table of offset mortgages products. If you need more information, our advisors are on hand to help with your mortgage queries.