Offset Mortgages tailored to you

Discover the flexibility and savings potential with Offset Mortgages. Our specialist advisers will help you every step of the way, helping you step into the mortgage market with confidence.

Luxury old building with trees growing next to it..

Bower Private Clients – Your Offset mortgage experts

At Bower Private Clients, we take pride in being your offset mortgage experts, offering innovative solutions that blend your mortgage with your savings to optimise interest payments. We offer a tailored approach to ensure your hard-earned savings work just as hard for you, reducing the interest on your mortgage while providing instant access to your funds when needed.

Our specialists are committed to guiding you through the intricacies of mortgages, ensuring a personalised strategy that aligns with your financial goals. At Bower Private Clients, our team can discuss anything surrounding your offset mortgage interest questions, questions about the disadvantages of specific mortgage types, and how an offset savings balance can help you!

With Bower Private Clients you’re not just getting a mortgage; you’re embarking on a brighter path towards financial flexibility and efficiency, where your savings and mortgage coexist to your advantage.

Man on the phone talking to a mortgage adviser whilst sat on a sofa.

Why work with Bower Private Clients for Offset mortgage advice?

Choosing Bower Private Clients for your mortgage advice means partnering with our team of dedicated experts who prioritise your financial well-being. Our in-depth understanding of the mortgage landscape and a bespoke advisory approach ensure we can tailor solutions to your unique financial circumstances and goals.

At Bower Private Clients, we pride ourselves on delivering clear, jargon-free advice, empowering you to make informed decisions about your mortgage options. Our commitment to excellence in service is reflected in our proactive support and guidance throughout your mortgage journey.

With Bower Private Clients you gain more than just an adviser; you gain a trusted partner dedicated to helping you maximise the benefits of your offset mortgage, ensuring it aligns perfectly with your current and future financial strategy.

What is an offset mortgage?

An offset mortgage is a financial product that combines your mortgage and savings account, allowing the money in the latter to work in your favour by offsetting the amount you owe on your mortgage.

Instead of earning interest on your savings accounts, that sum is used to reduce the mortgage balance on which interest is calculated. This means you could pay less interest on your mortgage, potentially shortening the repayment period.

Your savings remain accessible, offering a flexible solution that adapts to your financial circumstances. Offset mortgages represent a savvy approach for those looking to make their savings work harder, providing potential interest savings and financial flexibility.

Mortgage Enquiry Form

By supplying your details, you are confirming that you are happy for us to contact you regarding products and services relevant to your enquiry in accordance with our privacy policy.

lock-icon

Your data is safely stored and encrypted with us. Bower is authorized and regulated by the Financial Conduct Authority.

Speak to one of our specialist advisers

Our dedicated team can help you find a mortgage catered to your needs including Offset mortgages.

What are the benefits of Offset mortgages?

Offset mortgages offer a unique blend of benefits that can be particularly attractive for savvy savers and those seeking financial flexibility. They are often used as a strategic financial tool for those looking to balance savings and mortgages to maximise their financial efficiency and flexibility.

Bar chart showing increase in savings

Earn Through Your Savings

This allows your savings to earn an interest rate equivalent to your mortgage rate, often higher than standard savings account rates while remaining tax-efficient since you’re not directly earning interest on your savings.

Icon showing money bag in hand for Financial flexibility

Financial Flexibility

You will have the flexibility to access your savings if needed, making it an ideal choice for those who want their money to work harder without locking it away.

Saving money by linking savings to your mortgage

Saving You Money

By linking your savings to your mortgage, you can significantly reduce the interest you pay over the life of the loan, shortening your mortgage term and saving money in the long run.

Money divided into piles for proactive financial management

Proactive Financial Management

Offset mortgages encourage proactive financial management and can be especially beneficial for higher-rate taxpayers or those with substantial savings.

What Our Clients Are Saying

Read more about how we’ve helped our customers below.

Highly recommended

We did our research and decided on Bower because it stood out; I believe it was the smallest company we looked at and hoped for a more personal service, than some of the ‘big boys’, which Bower certainly lived up to. Our enquiry quickly led to an appointment with Andrew Card, who was so knowledgeable and explained everything, in language that we understood. He then did his research and came back with our options. Although we had a couple of hiccups, Andrew stepped in and sorted them out without any fuss. We have now completed our equity release and would like to thank Andrew and Nicky for all their support. We would certainly have no hesitation in recommending Bower, and of course Andrew Card, to anyone.

Trusted Customer

feefo-logo
image-1

See above

ANDREW CARD Bower Home Finance I first met Andrew in 2014. He was recommended to us by Coutts - that was the one good thing they did – most of their advice was the reason we needed to release funds to top up our pension. At our first meeting it quickly became apparent that Andrew was an expert in the area of Equity Release and its wider context. He was knowledgeable and trustworthy. Working with him was as much a pleasure as it was business. Following my husband’s death, I had reason to reach out to Andrew on several occasions. He gave me wise advice on the timing of selling my Normandy house and the effects of that on the Equity Release. Now, having past my eightieth birthday I felt I should put my affairs in order. So naturally I called Andrew who had been at Bower Home Finance for some years now. With his usual skill and efficiency, he made a complex situation seem straightforward. He has put me in a situation that will allow me to live the way I want for the rest of my life. Finally, I would like to point out how important it is for a widow like me, to have someone to discuss her future with; someone who is ready and able to understand not only the needs of a later life but who can intuit the hopes that go with it. Whilst I had been thinking about having enough money, Andrew, in his courteous way had taken on board the many activities I currently enjoy and made sure that I can continue to enjoy a full life. I couldn’t be more pleased to recommend him and of course Bower Home Finance. Jill Saxton 2025

Mrs Saxton

feefo-logo
image-1

Best ever broker

All because of Paul Macleod. I chose Bower because of Paul Macleod. He has and is: Communicator Not a time watcher Personality Clear Fair Knowledgeable Quick Pacifier Arranger Completer It had been an absolute shear pleasure to work with Paul. There was even a time when it was actually advisable for me to pull out before the deadline but I stayed on because of his calming outlook. I stayed on this time literally because of the person not the financial deal. So take him off the road and get him to train on customer relationships and duplicate his techniques and atiquettes

Mr & Mrs Lee

Ilford

feefo-logo
image-1

Take advantage of our experience & service

An award-winning service

Feefo Platinum Trusted Service Award 2025 Feefo Platinum Trusted Service Award 2025
What Mortgage Awards Winner – 2024 What Mortgage Awards Winners Logo - 2024
Equity Release Awards 2024 – Winner Winner of Best Financial Adviser 20+ advisers at the Equity Release Awards 2024
Change Maker Award Winner – 2024
Couple speaking to an adviser about offset mortgages

Are you ready to offset your mortgage?

If you’re contemplating the strategic move to an offset mortgage, our team at Bower Private Clients is ready to assist you.
With a wealth of expertise in crafting tailored mortgage solutions, we’re here to guide you through every step of the offsetting process, ensuring it aligns seamlessly with your financial objectives. Take advantage of the opportunity to make your savings work more efficiently.

Give our friendly and knowledgeable team a call today, and let’s explore how we can transform your financial landscape, bringing you closer to your goals with each passing day.

Learn more about your options

Our specialist mortgage advisers are here to help you find the best product to suit your needs and guide you through the complexities of mortgages.

Read more about us

Frequently Asked Questions

Who is an offset mortgage suited to?

An offset mortgage is particularly well-suited to individuals who are higher rate taxpayers and or have substantial savings, who seek to reduce mortgage interest payments while retaining immediate access to their savings or funds. It is an ideal choice for savers who might not be receiving significant returns on their savings due to low-interest rates, as it allows their savings to reduce their mortgage costs effectively without any tax deductions.

This type of mortgage is beneficial for higher-rate taxpayers, as it offers a tax-efficient way to use savings, avoiding tax on interest that would otherwise be paid. Moreover, those who desire flexibility in their financial planning, with the option to overpay or immediate access to savings if needed, will find offset mortgages appealing.

It’s a strategic financial tool for those looking to balance savings and mortgages to maximise their financial efficiency and flexibility. If you have a savings account, we can make an offset mortgage work.

How to get an offset mortgage?

Securing an offset mortgage involves a series of strategic steps, starting with a thorough assessment of your financial situation. Initially, consulting with a mortgage adviser or financial expert, such as one of our team at Bower Private Clients, who specialises in offset mortgages, is wise.

Our team can provide tailored advice based on your savings, income, and financial goals. The next step is to research the market for lenders offering offset mortgages, comparing terms, rates, and flexibility to find the best fit for your needs.

Once you have selected a lender with the help of our team, you must gather and submit the necessary documentation, including proof of income, identification, and savings details. The lender will then conduct a credit check and evaluate your application.

If approved, you’ll be guided through the final steps, including reviewing and signing the mortgage agreement. Throughout this process, it’s crucial to consider how an offset mortgage aligns with your long-term financial plans, ensuring it’s the right choice for your circumstances.

If you have any specific questions on how your personal savings allowance can benefit your mortgage repayments, why not speak to our team today? Offset mortgages work for many homeowners, so why not pair your mortgage with a linked savings account?

Can I reduce my monthly mortgage payments with an offset mortgage?

Leverage your offset mortgage to lower monthly repayments and enhance your cash flow. By offsetting your savings against your mortgage balance, you effectively reduce the amount on which interest is calculated, leading to lower monthly payments.

This innovative approach not only maximises the utility of your savings but also provides greater financial flexibility. This can help you to manage your finances more efficiently.

Whether you’re looking to free up monthly income for other investments or enjoy more disposable income, offsetting your mortgage could be the key to achieving your financial goals with adaptability and foresight.

Can I pay off my mortgage sooner with an offset mortgage?

Harness the power of your offset mortgage to expedite your journey to mortgage freedom. Offsetting your savings against your mortgage balance can reduce the principal amount on which interest is calculated. This enables you to channel more of your payments towards reducing the mortgage capital.

This strategic approach can significantly shorten the term of your mortgage, allowing you to pay it off sooner than anticipated. Embrace the opportunity to achieve financial independence earlier, as an offset mortgage offers an intelligent pathway to manage and outpace your mortgage commitments with financial acumen.

What are the common misconceptions of offset mortgages?

One prevalent misconception about offset mortgages is that they only benefit those with substantial savings. While it’s true that the more savings you offset against your mortgage, the greater the potential savings on interest, even those with modest savings can benefit from the flexibility and efficiency these products offer.

Another misunderstanding is that offset mortgages always have higher interest rates than standard mortgages. While rates may be slightly higher, the overall interest paid can be lower due to the offsetting effect of your savings. There is even the option for interest-only offset mortgage options, but you can speak to our team to learn more about this option.

Additionally, some believe that accessing savings becomes challenging with an offset mortgage. One of the critical advantages of this mortgage is the ability to access your savings whenever necessary, offering a blend of financial efficiency and liquidity that traditional mortgages do not provide.

Mortgage Specialist

With access to over 500 lenders, Bower will help you release equity and create liquidity to acquire property, whenever you want to buy

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Some buy to let mortgages are not regulated by the Financial Conduct Authority.

Bower Private Clients provides impartial whole of market advice with an award winning customer service experience. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but a typical fee of £695 will be payable on the application of the mortgage.

Speak to one of our dedicated customer specialists or arrange your free, initial no-obligation quote by calling us on freephone 0203 817 6040.