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Would a Woolwich Offset Mortgage give you more choice and control?
Our mortgages are designed to work around you – rather than change the way you deal with your daily finances. And because it’s a Woolwich mortgage from Barclays, you know you’re in safe and expert hands. So view our latest Offset mortgages or see below for some of the special features of a Woolwich Offset mortgage:
Unlimited overpayments available
Unlike many offset mortgages, ours lets you overpay as much as you like, whenever you are able.
We calculate interest daily - so your money works harder
Anything you put in your savings or current account starts working immediately to reduce the interest payable on your mortgage.
View and manage your Offset mortgage online
You can then see all your accounts online, alongside your mortgage account, and make transfers when it suits you.
You can choose from many eligible accounts
You choose up to 12 of your eligible Barclays current and savings accounts.
Keep a tab on your savings plans
We understand you may have different savings goals over various terms - with up to 12 accounts eligible to link to your Woolwich Offset Mortgage, you can keep separate accounts for all your savings needs and watch them grow. All the while you're still reducing the interest payable on your mortgage.
You keep any historical ISA allowances
If you've saved money in an ISA in the past you can offset this. But if in the future you don’t need to offset your ISA accounts, you will have retained your historical tax-free savings capability.
Your savings offset at the whole mortgage rate
By offsetting with Woolwich, your savings are offsetting at the full mortgage rate. For example, if your mortgage rate is at 6%, your savings and current account will offset the mortgage interest at that rate.
You can also reduce your tax bill
Even though your current and savings accounts do not earn interest, they do reduce what you pay on your mortgage – and you won’t pay tax on your savings because they’re not earning any interest. This is particularly efficient if you’re a higher rate tax payer because you won’t pay tax on savings interest earned.
Download a copy of our Offset brochure for more information on Offset mortgages.
Unlike many offset mortgages, ours lets you overpay as much as you like, whenever you are able.
We calculate interest daily - so your money works harder
Anything you put in your savings or current account starts working immediately to reduce the interest payable on your mortgage.
View and manage your Offset mortgage online
You can then see all your accounts online, alongside your mortgage account, and make transfers when it suits you.
You can choose from many eligible accounts
You choose up to 12 of your eligible Barclays current and savings accounts.
Keep a tab on your savings plans
We understand you may have different savings goals over various terms - with up to 12 accounts eligible to link to your Woolwich Offset Mortgage, you can keep separate accounts for all your savings needs and watch them grow. All the while you're still reducing the interest payable on your mortgage.
You keep any historical ISA allowances
If you've saved money in an ISA in the past you can offset this. But if in the future you don’t need to offset your ISA accounts, you will have retained your historical tax-free savings capability.
Your savings offset at the whole mortgage rate
By offsetting with Woolwich, your savings are offsetting at the full mortgage rate. For example, if your mortgage rate is at 6%, your savings and current account will offset the mortgage interest at that rate.
You can also reduce your tax bill
Even though your current and savings accounts do not earn interest, they do reduce what you pay on your mortgage – and you won’t pay tax on your savings because they’re not earning any interest. This is particularly efficient if you’re a higher rate tax payer because you won’t pay tax on savings interest earned.
Want to find how much you could save? Try our Offset calculator.
Download a copy of our Offset brochure for more information on Offset mortgages.
New mortgage or additional borrowing query? Call
0800 316 5500*
Existing mortgage query? Call
0800 022 4022**
For any mortgage query, you can also pop into a branch.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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