Offset Plus forBorrowers

A helping hand from family and friends

Offset Plus is an extra option that works alongside your own Offset Savings Account to reduce the cost of your mortgage.

The only difference is that Offset Plus Savings Accounts use savings from your family and friends. It's still their money which only they have access to, but it's linked to your offset mortgage.

• Link up to 3 savings accounts to your offset mortgage (up to 2 can be Offset Plus Savings Accounts)
• Offset the combined balances against your mortgage balance
• Choose to reduce your monthly payments or pay off your mortgage sooner
• View your offset benefits on your annual statement
• Family and friends have instant access to their savings

Some things to bear in mind

You benefit from having extra savings linked to your mortgage, but this won't increase the amount we'll lend to you. If your friend or relative withdraws their money and the savings decrease, do consider how you'll manage your mortgage payments. We'll let your relative or friend know if any changes in circumstances may affect their interests.

**Subject to daily operational limits

Before your mortgage starts, choose ONE of the three benefit options below. You're free to change your mind at any time in the future.

Option 1: Reduced current payments

Benefit from lower mortgage payments now, but keep the same mortgage term

Option 2: Reduced payments in future years

Benefit from lower mortgage payments every time your account is reviewed annually, but keep the same mortgage term

Option 3: Reduced mortgage term

Benefit from paying off your mortgage quicker, but keep your monthly payments the same

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