Offset Plus for Borrowers
The more savings your family and friends link to your mortgage, the more you can reduce the interest payable on your loan.
- 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.
Summary
Key Product Information for our Savings Accounts
| Account Name | Offset savings account | Offset Plus savings account |
|---|---|---|
| Interest Rates (AERs) | No interest is earned | No interest is earned |
| Tax Status | n/a | n/a |
| Condition for bonus payment | n/a | n/a |
| Withdrawal arrangements | Unlimited withdrawals** | Unlimited withdrawals** |
| Access | Branch or agency | Branch or agency |
**Subject to daily operational limits
Choose your offset benefit
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.
A guide to your Offset options (181 KB)
If you're a new Offset mortgage customer
- Request an Offset Plus application pack
You can ask for one by phone, in branch or online. - Visit our Offset mortgage range
- Open an Offset Savings Account once your mortgage has completed
- Ask your family or friends to open an Offset Plus Account
They will need to fill in their details and sign the application form, so that we know which mortgage account to link your Offset Plus Savings Account to. - We will link their account to your new Offset mortgage
If you already have an offset mortgage
- Request an Offset Plus application pack
You can ask for one by phone, in branch or online. - Ask your family or friends to open an Offset Plus Account
They will need to fill in their details and sign the application form, so that we know which mortgage account to link your Offset Plus Savings Account to. - We will link their account to your new Offset mortgage
How would you like to
request an application pack?
Please return completed applications to the following address
Yorkshire Building Society
Yorkshire House
Yorkshire Drive
Bradford
West Yorkshire
BD5 8LJ