Offset Mortgage Broker Advice

If you’re considering an offset mortgage, it’s important to understand how it works and whether it suits your circumstances. Offset mortgages can help reduce the amount of mortgage interest you pay by linking your savings to your mortgage balance, but they are not right for everyone.

At Jones & Young, our role as an offset mortgage broker is to explain your options clearly, compare offset mortgage deals across lenders, and help you decide whether this type of mortgage aligns with your wider financial plans.

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      EXCELLENT  
   Based on 60 reviews 
    
 
 
 
   
 
 
       Posted on Google  
    David Simpson 
 14 July 2025
 
 
 Trustindex verifies that the original source of the review is Google. Dealt with Mark regarding a difficult situation i was in with 1 years accounts with my LTD company , he couldn't have been more helpful and was full of great advice and knowledge , i would 100% recommend Mark , will use him in the future and will recommend him to my friends
  
 
      Posted on Google  
    Allison Banks 
 14 May 2025
 
 
 Trustindex verifies that the original source of the review is Google. Mark was incredibly patient and helpful throughout the entire mortgage process. He took the time to understand my needs and always went the extra mile to find the best possible deal. His guidance made a complex process feel straightforward and stress-free. I highly recommend Mark for anyone looking for a dedicated and knowledgeable mortgage broker.
  
 
      Posted on Google  
    Lottie Brown 
 29 April 2025
 
 
 Trustindex verifies that the original source of the review is Google. Mark was extremely helpful with getting me and my partner our mortgage. My partner is self employed and Mark was able to get us our mortgage with no hassle at all! We would 100% recommend Mark. We really can’t thank him enough!☺️
  
 
      Posted on Google  
    Simon McClelland Morris 
 16 March 2025
 
 
 Trustindex verifies that the original source of the review is Google. We recently engaged with the J&Y team about a mortgage. We spoke to Mark who was very welcoming and friendly, getting to know us through conversation, and discussing the potential property we were looking at. This all helped confirm our interest in the house and gave Mark a good platform to be able to offer us advise on the correct mortgage for us as a family.
  
 
      Posted on Google  
    Megan-McKenzie Osborn 
 10 March 2025
 
 
 Trustindex verifies that the original source of the review is Google. Would recommend to absolutely everyone! Sheila was amazing at not only securing us our mortgage offer but also the process afterwards as we were first time buyers we did not know much but Sheila was more than happy to talk us through the steps, going above and beyond her job role! Sheila was always available to answer questions and put our worries at ease and as someone who stresses about everything this made the process so much more bearable. Very responsive and helped through the entire process!

Thank you so so much and we are so grateful. Highly recommend and will be referring to friends and family.
  
 
      Posted on Google  
    Kyle Layland 
 27 February 2025
 
 
 Trustindex verifies that the original source of the review is Google. I cannot express my gratitude enough to Richard Young. As a first time buyer I came into the house purchase process completely clueless and Richard helped me through every step of the way. From our first introductory call years back when I started saving through to today he's been exceptional and always gone above and beyond. We're now weeks away from completing on our home and Richard is continuing to help, from securing Home and Contents Insurance quotes to persistently searching to see if he can get us a lower interest rate before our mortgage goes live. If you are looking for a trustworthy, knowledgable and down to earth broker then look no further than Jones&Young. I guarantee you he will have your best interests at heart.
  
 
      Posted on Google  
    Samuel T 
 22 January 2025
 
 
 Trustindex verifies that the original source of the review is Google. Can't recommend these guys enough! From Mark in the initial stages to Sheila seeing it all through! Absolutely superb!
  
 
      Posted on Google  
    kobir khan 
 18 December 2024
 
 
 Trustindex verifies that the original source of the review is Google. Hands down one of the best service I have ever received. Sheila was and is amazing. Always there to help with any of my queries.(No matter how silly they can be)

Honestly don't think you will get a better mortgage broker than Shiela.
  
 
      Posted on Google  
    Charlotte Pearson 
 26 November 2024
 
 
 Trustindex verifies that the original source of the review is Google. We couldn't be happier with the service Jones&Young provided to  help us get a mortgage! This was a very long process, and Sheila our mortgage broker was thoughtful, hardworking and extremely knowledgable to achieve the mortgage we needed to get us started, as first time buyers, on the property ladder. Thank you so much!
  
 
      Posted on Google  
    Nidal Chehadeh 
 20 November 2024
 
 
 Trustindex verifies that the original source of the review is Google. I had the pleasure of working with Jones and Young Limited, and I can't recommend them enough. From start to finish, the experience was seamless, efficient, and stress-free.

Sheila Blacklaw was incredibly knowledgeable about the mortgage process and took the time to explain all of the options available to me. She truly listened to my needs and found a solution that perfectly aligned with my financial goals. What stood out the most was her clear communication and her dedication to going above and beyond to ensure I understood every step of the process.

She was always available to answer any questions, no matter how small, and her professionalism gave me the confidence that I was in great hands. Thanks to her hard work, I secured a fantastic rate and was able to close on my dream home faster than expected.

If you’re looking for a mortgage broker who truly puts their clients first, look no further than Jones and Young Limited (Sheila Blacklaw). I’ll definitely be recommending them to my friends and family!
  
 
  
  
 
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What is an offset mortgage?

An offset mortgage links your mortgage account to a savings account. Instead of earning interest on your savings, the savings balance reduces the mortgage balance that interest is charged on.

For example, if you owe £300,000 and hold £40,000 in an offset savings account, you would only pay mortgage interest on £260,000. You still have access to your savings, but the amount of interest payable is reduced.

Offset mortgages work differently to a traditional mortgage because your savings are linked directly to your outstanding balance. This can help you pay less interest over the mortgage term and, in some cases, pay off your mortgage sooner. Whether this approach is suitable depends on your savings balance and wider financial plans.

How do offset mortgages work?

Offset mortgages work by linking your mortgage account to a savings account or offset savings account. Instead of earning interest on your savings, your savings balance reduces the mortgage balance that interest is charged on.

Lenders calculate mortgage interest on the reduced outstanding balance. That can lower the amount of interest payable over time and may allow you to pay off your mortgage sooner, depending on your mortgage term and monthly repayments. You can use our mortgage calculator to estimate the impact.

You can usually access your savings at any time, but if you withdraw funds, the mortgage interest charged may increase.

What are the benefits of offset mortgages rates?

An offset mortgage can offer flexibility, particularly if you hold substantial savings or have irregular income.

Potential benefits include:

Paying less interest over the mortgage term
Reducing monthly mortgage payments or shortening the mortgage term
Access to your savings while still reducing mortgage debt
A more tax efficient approach for some higher rate taxpayers who would otherwise pay tax on interest earned in traditional savings accounts

Offset mortgages can also help with cash flow, as overpayments are often built into the structure of the offset product.

Pay Less Interest Over Time

Reduce the total interest paid across your mortgage term by offsetting your savings against your balance.

Flexible Payments & Term Options

Lower your monthly payments or shorten your mortgage term depending on your financial goals.

Access Your Savings Anytime

Keep your savings accessible while still using them to reduce your mortgage interest.

Tax Efficiency & Better Cash Flow

Avoid paying tax on savings interest and benefit from built-in overpayment flexibility to improve cash flow.

Receive The Mortgage Deals You Deserve

We have over thirty years of experience in helping self-employed contractors like you find the mortgages they need. Even if you’ve struggled to find a mortgage through other channels, we may have access to many specialist lenders that may be able to help.

Why Trust Jones & Young as Your Offset Mortgage Broker Specialists

Choosing the right mortgage as a contractor or self-employed professional can feel complicated, but it doesn’t have to be. At Jones & Young, we specialise in helping independent earners secure the borrowing they deserve, with clear, honest advice tailored to how contractors actually work.

You can explore all the mortgage options we offer right here.

90–95% Loan-to-Value Options

Access mortgage products offering 90–95% LTV, designed specifically for contractors and self-employed professionals.

Clear & Expert Guidance

Receive straightforward advice focused on finding the most suitable mortgage for your individual circumstances.

Simple, Jargon-Free Communication

We explain everything in plain English, so you always feel confident and in control of your decisions.

Gross Income Considered

Many lenders assess your average gross income over the last three months, rather than net profit, which can significantly increase borrowing potential.

Competitive Specialist Rates

We source contractor-friendly rates from across the market to ensure you receive the best value available.

30+ Years of Industry Experience

Benefit from decades of experience supporting contractors, freelancers, business owners and the self-employed.

Personalised Mortgage & Protection Advice

Get tailored recommendations built around your lifestyle, financial goals and long-term stability.

Whole-of-Market Access

We work with the entire mortgage market, giving you access to a wider choice of lenders and better deals.

Years Experience

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Independent Advice

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Specialist Lenders

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Read What Our Customers Say

Our customers are at the heart of everything we do, and their feedback speaks for itself. Many describe our brokers as friendly, knowledgeable, and always willing to go the extra mile to help them secure the best deal.

Katie Porter

28/06/2026

Being so young and feeling so lost in the whole house movement progress can be very daunting. My partner and I were recommend Sarah to be our mortgage advisor and this turned out to be the best decision we made...

Natalia Dobrzanska

17/12/2025

Amazing service! I was looking for an experienced broker who would be able to help secure a mortgage for a CIS worker. While other brokers said no, or took their time to book us in Richard and his team guided...

Maria Morgan

01/07/2026

I was so lucky to get an introduction to Jones and Young, especially Richard. He has been outstanding in helping me finally getting the Equity Release I have needed and it was a pleasure to deal with him. In this...

Chris Watterson

17/06/2026

Top quality service - I needed help getting a mortgage due to being self-employed and a complex case. Richard and Mark have incredible knowledge of the market and were able to work out which providers would look favourably on my...

Christopher Hall

25/02/2026

Top service from Mark and Jane. Process was smooth and informative, Mark gave me a lot of confidence around what can be quite a difficult process, was available when I needed him and provided clear and concise information. Would 100% recommend...

How can I compare offset mortgage deals?

When comparing an offset mortgage deal, it’s important to look beyond the headline mortgage rates.

You should consider:

The mortgage interest rate and whether it is fixed rate or variable interest rate
The length of the mortgage term
Any early repayment charges
Whether the offset mortgage account allows you to link multiple accounts
How flexible the monthly payments are

Most lenders structure offset mortgage products slightly differently, and there are fewer lenders offering them compared to a traditional mortgage. Speaking with an experienced mortgage broker can help you assess which offset deal aligns with your circumstances.

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Offset Mortgage Rates FAQs:

Below are answers to some common questions about offset mortgages and how they work in practice.

What types of offset mortgages are available?

There are different types of offset mortgage products available, including:

Repayment offset mortgages, where you repay capital and interest each month
Interest only offset mortgage options, where you pay interest only and use savings to reduce the balance
Family offset arrangements, where relatives link their savings to your mortgage account

Some lenders also allow multiple accounts to be linked to a single offset mortgage account.

The right structure depends on how you intend to use your savings, your income, and whether you want lower monthly payments or to pay off your mortgage sooner.

Can you overpay with an offset mortgage?

Yes. One of the practical features of an offset mortgage is flexibility.

Because your savings are linked to the mortgage account, you effectively overpay whenever you hold funds in the offset savings balance. This can reduce mortgage interest and potentially shorten the mortgage term without triggering early repayment charges, although this depends on the specific offset mortgage deal.

Is an offset mortgage suitable for Buy-to-Let properties?

Some lenders offer offset mortgage products forbuy to let properties, although availability can be more limited.

In certain cases, rental income can sit within a linked account and reduce the mortgage balance used to calculate interest payments. Whether this structure is appropriate depends on lender criteria, tax position, and overall mortgage deal terms.

What is the best offset mortgage?

There is no single best offset mortgage, as the right option depends on your savings balance, mortgage term, and overall plans. The best offset mortgage deal for you will balance interest rates, flexibility, and how you intend to use your offset savings account.