Although you get the benefit of the additional savings helping you with your mortgage, these won’t make any difference to the amount we will lend you nor should you rely on them being there - the saver can withdraw them at any time.
Because you’ll need to consider the impact on your mortgage if the offset savings balance changes, we will write to you to let you know if there is a significant reduction in the overall balance of savings accounts linked to your mortgage.
We’ll also write to you to let you know if the total savings exceed the mortgage balance, as you will not receive any benefit from the excess savings.
We will disclose relevant information to an offset plus saver. This may be done where there are any changes in circumstances that may affect their interests. Full details are included on the application/consent form.
