Please note

The calculations used in this demonstrator are based on the following:

• The estimates provided are for illustration purposes only and assume that the interest rate will remain the same throughout the term of the mortgage
• Actual mortgage rates available are dependent on market conditions so change from time to time.
• Requires a static (i.e. fixed) payment to be set up and maintained throughout the mortgage term.
• Mortgage type is repayment.
• No interest is payable on the Offset savings balance.
• Regular monthly savings deposits are made throughout the mortgage term (in line with the 'Monthly Savings Deposit' entered), or a constant savings balance is maintained (in line with the 'Current Savings Balance' entered).
• The tax saving shown is based on the reduced term at which you could pay off your mortgage using your accumulated Offset savings. The example used on this page assumes that basic rate taxpayers pay 20% tax, higher rate taxpayers pay 40% tax and additional rate taxpayers pay 45% tax on savings interest and are based on current HM Revenue & Customs rules which are subject to change.
• *AER stands for Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.

This information does not contain all of the details you need to choose a mortgage. Make sure you read the separate Key Facts document before you make a decision. The actual amount you can borrow, term and repayment method available will vary depending upon your personal circumstances and borrowing requirements. Applications subject to standard lending criteria and all loans subject to status. Early repayment charges apply and product fees may apply.

However you choose to manage your Offset Account you will need to select one of the available monthly payment options. If your aim is to Offset in order to pay off your mortgage quicker, you must choose the Reduced term option.