Here’s a very brief explanation of how an off set mortgage works: An off set mortgage is when you only pay interest on the difference between the amount of money you have in savings, and your full mortgage amount. So for example, if you have £20,000 worth of savings in a savings account, and a mortgage of £100,000, then applying for an off-set mortgage would allow you to only pay interest on the difference of £80,000, rather than the full £100,000.
The benefits of an off-set mortgage are obvious and in these times of low interest rates having an off-set mortgage makes even more sense than it ever has.
Here at Leapfrog Finance we have the experience to guide you to the best offers on the market, many of which are not available to the general public directly. We are able to source not only the best deal but also the most reputable lenders.
If you would like further details please do not hesitate to contact us on 0800 612 7729 or fill in a few details on enquiry form and have one of the Leapfrog Finance Advisors call you back, alternatively, email us at Enquiry@leapfrogfinance.co.uk