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OFFSET CALCULATOR
An offset mortgage lets you use your savings to help reduce the interest you pay on your mortgage and could save you money in the long term. However often the rates on offset mortgages can be higher than a standard deal so our calculator will help you work out if an offset deal could be right for you. Of course there are lots of other things to consider so it’s worth speaking to us too and we can run through the options with you.
There are a number of criteria that must be taken in to account when calculating exactly. These could include but are not limited to:
- Your monthly outgoings or regular commitments
- Whether your income is a basic salary or includes bonus, commision or overtime
- Whether you are self employed
- The amount of deposit you have
- Your age and whether you are borrowing past your retirement date
The lender however has the final input in to determining how much you can borrow. Each lender has their own criteria and as a broker we are perfectly placed to match you to the right lender for your borrowing requirements.
The calculators do not have the final say in how much you can borrw, your repayments etc., but this is where our expertise and experience in the field come in to play. We can sometimes make available a higher borrowing by taking your personal circumstances in to account.
*all potential borrowing is subject to affordability checks and credit status.
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About Us
We are an established broker working in partnership with selected lenders to bring our clients the financial solution that best suits their needs. From all types of residential or commercial mortgage through to bridging and development finance and onto vehicle, asset and business finance.
Important
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Leodis Financial is a trading style of Leodis Financial Ltd. Directly authorized and regulated by the Financial Conduct Authority. FRN750327. Office: RHS Rebecca House, Bradford. BD1 2RX Registered Company No: 09865671 | Registered in England and Wales.
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