How much could you save with Offset

Here's a quick and easy way to get an idea of how much money you could save by offsetting. Just line up the amount you have in savings with the size of your current mortgage. The figures in the box where they meet is what offsetting could save you.

		Mortgage Value
		£50,000	£100,000	£150,000	£200,000
Savings Balances	£2,500	£7,797 2 yrs 6 months	£8,206 1 yr 3 months	£8,352 0 yrs 10 months	£8,427 0 yrs 7 months
	£5,000	£14,177 4 yrs 10 months	£15,594 2 yrs 6 months	£16,130 1 yr 8 months	£16,412 1 yr 3 months
	£7,500	£19,483 6 yrs 10 months	£22,278 3 yrs 9 months	£23,391 2 yrs 6 months	£23,989 1yrs 11 months
	£10,000	£23,947 8 yrs 8 months	£28,353 4 yrs 10 months	£30,183 3 yrs 4 months	£31,188 2 yrs 6 months
	£15,000	£30,961 11 yrs 9 months	£38,965 6 yrs 10 months	£42,530 4 yrs 10 months	£44,556 3 yrs 9 months
	£20,000	£36,089 14 yrs 5 months	£47,893 8 yrs 8 months	£53,452 6 yrs 3 months	£56,706 4 yrs 10 months

This table assumes you have chosen to reduce the mortgage term. It is based on an Offset Tracker mortgage taken out on a repayment basis with a 25 year term and an interest rate of 5.99%. Calculations assume savings balances remain constant over the term of the mortgage. It also assumes that when the mortgage outstanding is equal to the savings balance, the mortgage loan will be repaid in full.