Offset Mortgage Deals

Use the comparison calculators below
or speak to one of our advisers for expert advice

01244 264 866

Start your quote

What is an offset mortgage?

An offset mortgage is completely different to other types of mortgage available. 

Your offset mortgage is usually linked to one or more bank accounts.  Each month your lender will calculate the amount of interest you owe based on the outstanding balance of your mortgage - this month is then reduced by the amount that is held within the linked bank accounts.

For example, if your outstanding mortgage balance is £200,000 and you currently have savings of £20,000 then you will actually only pay interest on £180,000. 
The more savings you have in the account the less interest you will pay on your mortgage, but if you remove any of the savings from the linked account, then you will pay interest on a larger portion of your mortgage.

Can I also earn interest on my savings?

Unfortunately not - the money that is held in the offset account does not earn any interest - however the savings that you make on your mortgage payments could make up for this.

You will obviously receive bigger savings off your mortgage the more money that is held in the account.  If you are only able to save a small amount in the offset account, other mortgages may provide better value for you.


Remortgaging your home to get a batter rate? Use our remortgage comparison tool to find a competitive mortgage.


First Time Buyer

Buying your first home? We can help you to find a low rate mortgage deal that will give you a start on the property ladder.


Buy to Let

Buying a property to let out to tenants? Use our comparison tables to find a low rate mortgage deal to suit you.


Useful tools and calculators

Stamp duty calculator

Check how much stamp duty you will need to pay

Borrow calculator

Estimate how much you can borrow based on your income. If single, enter 0 in second persons income

LTV calculator

Calculate the loan to value that you need

Free credit report

We have teamed up with Noddle, who will provide you with a free credit report for life.

Get your report

How can we help you?

So Smart Money are specialists when it comes to mortgage and insurance. We have access to the UK’s leading brokers and using their knowledge and skills they'll place you with the most suitable lender and product for your needs.

Speak to an expert for mortgage advice, life insurance cover, to protect your income, insurance your home or contents and private medical cover.

trust pilot

"Matthew at So Smart found me the best deal for my first Mortgage, he was extremely helpful! I would highly recommend this company!"

"I've been looking to switch mortgages recently to secure a better rate and the guys at So Smart Money helped me do just that."

"My mortgage enquiry was dealt with swiftly and professionally. I would highly recommend So Smart Money to others."

"I've used sosmartmoney a couple of times now, I checked my old mortgage with them and it encouraged me to get a better deal."


Winner of AI Finance awards 2015 for:
Best personal finance comparison site &
Best online price comparison platform

Trusted mortgage brands

view more
BBS.gif bath_building_society.jpg BME.gif scottish_building_society.jpg YBS.gif BNW.gif BPR.gif
HSB.gif BFU.gif market_harborough_building_society.jpg BBV.gif BHI.gif YBS.gif BWO.gif BDA.gif ipswich_building_society.jpg POS.gif BSA.gif chorley_building_society.jpg BNT.gif ULS.gif NBS.gif BLF.gif BNW.gif BPR.gif VBS.gif SBS.gif CTS.gif CTE.gif BHX.gif NAP.gif BMO.gif RBS.gif CAN.gif tesco.jpg bath_building_society.jpg HEC.gif clydesdale_bank.jpg TIP.gif TBS.gif LEE.gif BCH.gif scottish_building_society.jpg BME.gif TSB.gif CNW.gif CLY.gif WBB.gif FAM.gif BLH.gif CAM.gif FID.gif BBS.gif

How it works

step 1 step 2 step 3


  • How do SoSmart Money make their money?
  • Which products can I compare with SoSmart Money?
  • Who are SoSmart Money?
  • Will I be contacted by other companies?

latest news View All News

So you have adverse credit

Don't worry we can still help, simply follow the steps below


Get a copy of your fill from Uk Credit Rating using their FREE* service.

get my report

Then get in touch with us and let us know your score, good or bad!

Call 01244 950 304


Request a call

We'll then search for a lender who will be suitable for you.

Using your credit score allows us to apply for products you're more likely to be accepted for.

Sign up to our newsletter