Offer

Several lenders will offer current account offsets to other customers as well. Norwich & Peterborough building society lets self-build clients use them, while Woolwich has a special ‘City mortgage’ offset product for people who earn big annual bonuses. Self-employed people who put their tax money aside in separate accounts are seen as ideal candidates for current account offsets and nowadays even buy-to-let investors can apply for the loans.

The only people who don’t like current account mortgage deals are the big traditional mortgage lenders who think they will lose too much money if every customer takes advantage of them. These lenders used to love it when they could get away with charging customers far more for their mortgages than they ever paid out in interest on savings and current accounts. The best financial advice around is not to let the banks get away with it any longer. The sooner you work out if a current account mortgage could save you money the better. We all dream of paying off our mortgages early. This is the best way to turn that dream into a reality.