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Mortgages

Find an offsetmortgage

Enter your details below to find a mortgage.

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Please enter a borrower type.

Please enter a property value.

Please enter a depositmortgage outstanding amount.

Please enter a term.

Your property value must be greater than your depositmortgage outstanding amount.

You have asked to borrow {{mortgageListing.customer.loan | currency:'£': 0}}. The minimum amount we will lend is £25,001. Please adjust your property value or depositmortgage outstanding amount.

You have asked to borrow {{mortgageListing.customer.loan | currency:'£': 0}}. The maxmimum amount we will lend is £5,000,000. Please adjust your property value or depositmortgage outstanding amount.

Your deposit must be at least 5% of your property value

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Interest rate
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Additional features
  • Free valuation
  • Free legals
  • {{product['Cashback'] | currency:'£': 0}} cashback
Early Repayment Charges apply and other fees and charges may apply.

Compare up to 3 mortgages

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Important information

  •  Chelsea Building Society's Standard Variable Rate is set independently of Yorkshire Building Society's Standard Variable Rate. This is because Chelsea Building Society is operated under its own brand and with its own products and services. As a result, Chelsea Building Society's Standard Variable Rate may be different from Yorkshire Building Society's Standard Variable Rate at any time and can vary upwards or downwards from time to time.
  •  Our mortgages have limited availability and may be withdrawn at any time.
  •  Applications subject to standard lending criteria and all loans subject to status.
  •  We cannot accept applications if the mortgage term you are requesting extends beyond your intended retirement date.
  •  All our mortgage products are available on a capital and interest (repayment) method only.
  • You have the right to repay the loan either partially or in full during the term of the loan.
  •  Early Repayment Charges and other fees & charges apply.

Need help with mortgage definitions?

If you are unclear what something means, our Mortgage glossary can help.

 

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Is an Offset mortgage right for me?

  • If you have savings, you can make the most of them by simply linking them to your mortgage.
  • Rather than earning interest on your savings you reduce the amount of interest you pay on your mortgage.
  • This means you can reduce the length of time it takes to repay your mortgage or you could lower your monthly payments now or in the future.
  • You will still have the flexibility to access your savings to deposit more or make withdrawals but doing so will change how much you could save on mortgage payments or the time it takes to repay your loan.
  • You have the option to either fix the interest rate on your offset mortgage for a set time or for your interest rate to track the Bank of England Base Rate for a specified period of time.

Protecting your money: Deposits in the savings element of your Offset mortgage are covered by the Financial Services Compensation Scheme (FSCS), up to a total of £75,000 of the total deposits held with the following: Yorkshire Building Society, Barnsley Building Society, Chelsea Building Society, Norwich & Peterborough Building Society and Egg. Please refer to the FSCS information sheet (109 KB) or here for more information.

Early Repayment Charges apply during the fixed/tracker rate period. Other fees and charges apply.

Alternatives to Offset mortgages

Fixed rate

Fix your interest rate, so it won't change over a set period of time, regardless of what is happening to interest rates elsewhere.

 

Tracker

Mortgages that follow the Bank of England Base Rate - you could save money while the Base Rate remains low but your payments could also go up.

 

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Want to know more?

The diagram below might help explain how offset mortgages work in conjunction with your savings.

 

How can an Offset mortgage save me money?

Try our offset calculator to see how you could save money and pay off your mortgage sooner.

Takes approximately 2 minutes to complete

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How much can I borrow?

Use our borrowing calculator to get an estimate of how much we could lend to you.

Takes approximately 5 minutes to complete


Your questions answered

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