Mortgages

The quick and easier way to be mortgage-free earlier!

Why choose a Leeds Building Society Offset Mortgage?

• It’s simple and straightforward
• Fast, friendly service
• The flexibility to add to, and remove your savings as you want
• Chequebook for easy access to your savings

Cut years off your mortgage payments with an offset mortgage

• Use the savings you already have
• Reduce the amount of interest you’d normally pay on your mortgage
• You could save thousands of pounds - possibly more than you would earn in savings interest
• Be mortgage-free earlier
• Enjoy your money earlier!

Save thousands of pounds and enjoy your money earlier

As you have worked hard for your savings – it’s about time your savings worked hard for you! By using your savings to offset against your mortgage, you could pay off your mortgage much earlier and save yourself thousands of pounds in interest. This way you can enjoy your money earlier, doing things you’d normally have to wait years for!

Once your savings are offset, you’ll still have the flexibility to do what you want with them. You can add to them whenever you want to – reducing the years over which you’ll pay your mortgage. You can also take money out whenever you want – the choice is yours. However, the more you have in your savings, the quicker you’ll be mortgage-free!

Four reasons to Offset with Leeds Building Society

1. Value - Unlike savings interest which you usually pay tax on, the Offset Mortgage is a tax free arrangement - with potentially greater benefits if you are a higher rate tax payer.
2. Convenience - You can access and use your savings at any point and if you top them up you’ll save even more in mortgage interest.
3. Choice - The choice is yours - pay your mortgage off earlier or reduce your mortgage payments. Either way you win!
4. Control - Your savings and mortgage are not rolled up into one account, but kept separate so you always know where you are.

Click to view some frequently asked questions on offset mortgages