Offset Mortgage
Save thousands with our Offset Mortgage
- Repay your mortgage and own your home years earlier
- The overall cost for comparison is 6.8% APR
- Take payment holidays or redraw funds if you’ve previously overpaid*
If paying off your mortgage quicker is one of the things that is top of your list, then the Yorkshire Bank Offset Mortgage may well be what you are looking for. Simply link the money in your Yorkshire Bank Offset Savings Accounts and Offset Current Accounts with your Offset Mortgage and you could save thousands in interest payments. With a monthly statement that highlights the interest you have saved, it couldn’t be easier.
How to apply
- Ask us to call you back (opens in a new window)
- Telephone 0845 602 6198 (Monday - Friday 8.00am - 8.00pm)
- Visit your local Yorkshire Bank branch (opens in a new window)
What you get
Be mortgage-free faster
- Repay your mortgage earlier and save thousands in interest payments
- Link up to 6 Offset Current and Offset Savings Accounts to your Offset Mortgage
- Credit balances in your current and savings accounts are offset against your mortgage balance
- Overall cost for comparison is 6.8% APR
- Our flexible approach lets you overpay
- If you have overpaid you can take payment holidays or redraw funds*
- Keep track of your money in separate accounts
- Monthly overview letters which highlight your monthly interest savings
- Switching Package – the easy way to move to our Offset Mortgage
- Accounts can be operated in branch or over the phone and Internet
- Offset Current Account has all the standard features including cheque book, ATM access and Debit Card facilities
- Normal arrangement fee waived for Residential Re-mortgage applications.
Other mortgages
- Current Account Mortgage - let your money work harder and smarter for you
- Flexible Payment Mortgage - be in control of your payments
- Fixed Rate Mortgages - make budgeting easier
- 2 Year Discounted Lifetime Offset Tracker Mortgage - the mortgage rate that stays attractive
- First Time Buyer Mortgages - helping you towards your first home
- Investment Housing Loan - secure your second property with our Investment Housing Loan
- Business Offset Mortgage - the power of personal and business banking combined
- Spanish Mortgage - enjoy our hassle-free process when buying a property in Spain
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
*Please note that you can only take payment holidays or redraw funds where you have previously overpaid. The minimum period for payment holidays is three months, the maximum period is six months. Payment holidays up to a maximum of six months will be allowed in any one 12 month period. Interest will continue to accrue on the outstanding balance during the payment holiday. Rescheduling your repayments after making a lump sum reduction or overpayment can affect the availability of funds for redraw or payment holidays. If you reduce your repayments or take a payment holiday, the amount of your loan will not be reducing as quickly, so you could end up paying more in interest charges over the term of the mortgage.
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