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.
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.
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.
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.
Our dedicated team can help you find a mortgage catered to your needs including 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.
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.
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.
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.
Offset mortgages encourage proactive financial management and can be especially beneficial for higher-rate taxpayers or those with substantial savings.
Read more about how we’ve helped our customers below.
I received fantastic service. My advisor was very proffesional and guided me through the whole process he was very knowledgeable about the products and worked hard to find the right one for me. He was always there to advise me and answer any questions I may have. I would not hesitate to recommend this company and my advisor to anyone requiring these services. I would definately give them 10 out of 10.
Miss Steel
Bower were worry-free, polite, efficient and friendly and got the job done with no fuss or bother. They kept us in the loop at all times, making us feel at ease, and any questions we asked, they responded with clarity and accuracy. We highly recommend them to anyone selling their house and doing an equity release. And all the sub people were excellent. Vanessa Carver was brilliant; she made it run smoothly. She was a godsend.
Mr & Mrs Kindon
GBR
Considering Equity Release was a big decision for me. Living on my own meant I had no-one to bounce ideas off so I hesitated for three months before I made the decision to contact Bower Home Finance. I read the amazing reviews they had and decided they were the ones for me. I made the initial contact on the 4th November 2025 and by the next day I was talking to Ian Bigwood who had been allocated to me. Ian had the patience to answer all of my (sometimes silly) questions, but I wanted to make sure I was doing the right thing. Ian took on board everything I said, on where I needed to be in the next twelve months and my long term goals post retirement. He advised me perfectly on what I needed and remained in full contact throughout the process, even when I wasn't expecting to hear from him. He liaised with other parties such as an equally as professional Solicitor Team to provide a perfect, worry-free service and they all contacted me when they were meant to. No delays, no stress. On the 13th January 2026, Ian called to say "Have you checked your bank account?" (I hadn't). The process was complete. In just over two months, the process was done, with no worries for me. Just to say to Bower Home Finance, you have a thoroughly professional and likeable member of your team. Easy to deal with, no pressurised questions, just the information you need and on call whenever you need them. I have no hesitation in recommending their services. I can't see how any other company could be more efficient. 10/10 from me. Oh and Ian - you may have just changed my life. And for that, I cannot be more grateful. Thank you for all you have done.
Mr Salt
GBR
I was recommended to use Vanessa Carver of Bower from a customer of mine who had employed her services and I haven't regretted one day of my decision to use her.... she is totally suited to the job she does - informative, always there for any questions or worries, empathetic, positive and very clever and knows her stuff - in short, I would recommend her to anyone as she has supported me all the way through a very stressful period of time and gone over and above the call of duty.... Bower are so lucky to have her.
Mrs Cooke
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.
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 usAn 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.
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?
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.
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.
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.
With access to over 500 lenders, Bower will help you release equity and create liquidity to acquire property, whenever you want to buy
Bower Private Clients provides independent, impartial whole of market mortgage advice with an award-winning customer service experience. Initial advice is provided at no cost to you and without obligation. Only if you choose to proceed, would a typical advice and administration fee of £495 be payable.
Speak to one of our dedicated customer specialists or arrange your free, initial no-obligation quote by calling us on 0203 817 6040.
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 is a trading style of Bower Retirement Limited and is Authorised and Regulated by the Financial Conduct Authority. Financial Services Register Number: 451607.
Registered in England and Wales No: 5788110. Registered office: Bower Private Clients, Ongar Business Centre, The Gables, Fyfield Road, Ongar, CM5 0GA.
0808 281 2658
customer.services@bowerhomefinance.co.uk