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Maximise Your Savings with Offset Mortgages

  • Post category:Mortgages

Are you looking to make your savings work harder for you? An offset mortgage could be the solution you've been searching for. 

Here at Ingrid Cairns & Associates, we're passionate about helping our clients find innovative ways to manage their finances and achieve their goals. 

Let's explore the benefits of offset mortgages and how they can save you money in the long run.

How Does an Offset Mortgage Work?

Offset mortgages allow you to link your savings account to your mortgage. Instead of earning interest on your savings, the balance in your savings account is used to offset the interest you pay on your mortgage. This means that you’ll only pay interest on the difference between your mortgage balance and your savings balance.


Benefits of Offset Mortgages

1. Save Money on Interest: By offsetting your savings against your mortgage, you can significantly reduce the amount of interest you pay over the term of the loan. This can lead to substantial savings and help you pay off your mortgage faster.
2. Flexible Options: With an offset mortgage, you have the flexibility to choose how you want to use your savings to reduce your mortgage costs. Whether you prefer to shorten the mortgage term, decrease your monthly payments, or reduce the outstanding balance, there’s an option that suits your financial goals.
3. Access to Savings: Unlike traditional savings accounts where your funds are locked away for a fixed period, with an offset mortgage, you can access your savings whenever you need them. This provides peace of mind knowing that your funds are readily available in case of emergencies.
4. Residential Properties Only: It’s important to note that offset mortgages are only available for residential properties and not for buy-to-let properties.


Why Choose Ingrid Cairns & Associates?

At Ingrid Cairns & Associates, we specialise in finding tailored mortgage solutions that meet our clients’ unique needs. Our team of experts will work closely with you to understand your financial goals and help you navigate the complexities of offset mortgages. With our guidance, you can make informed decisions and maximize the benefits of offsetting your savings against your mortgage.

Don’t let your savings sit idle – let them work for you with an offset mortgage. Get in touch with us today to see how we can help you save money and achieve your homeownership goals.

Your Home (Or Property) May Be Repossessed If You Do Not Keep Up Repayments On Your Mortgage. Some Forms Of Buy To Let Mortgages Are Not Regulated By The Financial Conduct Authority. A Fee May Be Charged For Mortgage Advice. The Exact Amount Will Depend On Your Circumstances But It Will Not Exceed £495.