Offset Mortgage

An Offset Mortgage from Norwich and Peterborough could help your client pay their home loan off sooner by reducing the mortgage term.

Benefits

  • Reduces your client's mortgage term - by making monthly payments each month based on the actual mortgage balance your client will reduce the mortgage term and pay off their mortgage sooner. Your client cannot reduce their monthly payments.
  • Savings and current account balances offset against the mortgage - N&P take into consideration the balances held in your client's Offset Savings and Gold Current Account when calculating the interest that is charged

For a more detailed explanation on how our offset works and a worked example click here

Offset Product Grid

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

More information