Cut your mortgage term by several years

An offset mortgage links your savings with your mortgage, reducing the amount of interest you pay on your loan. For example if you have a mortgage of £150,000 and savings of £30,000 you only pay interest on £120,000.

In order to benefit from this product you only need as little as 2% of your mortgage balance in savings. Purely Mortgages also has lenders that will let you offset ISA's and current accounts

Offsetting your mortgage doesn’t mean that your savings are locked away; they can be accessed immediately whenever they are required.

Who benefits?

This type of mortgage is particularly beneficial to:

• People with a large amount of savings
• High rate tax payers
• Self employed borrowers

At Purely Mortgages our expert consultants give you honest clear advice and the most competitive deals. To find out if an offset mortgage is right for you contact Purely Mortgages now on, 0800 422 00 33 or request a callback.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.