Business Offset Mortgage
Save time and money on your mortgage by offsetting your savings
Combine your personal and business finances to reduce your mortgage. With a Business Offset Mortgage from Clydesdale Bank, you could save thousands of pounds on the cost of your mortgage – just by offsetting your personal and business credit balances. The more money you have in your accounts, the less interest you’ll pay on your mortgage – so you could be mortgage-free faster.
- Convenient way to stay in control of your finances
- No need to increase your monthly mortgage payments
- Dedicated Mortgage Advisor to make sure everything runs smoothly
To find out more:
- Call into your nearest branch or call 0845 606 4455
- If you’re an existing Business customer, contact your Business Manager
- Existing Business Direct customers, call 0845 606 4455
More Benefits
- Control – with linked accounts and daily interest calculations, you’re in charge
- Convenience – integrate your personal and business finances
- Tax efficient – the mortgage interest saved is usually more than the interest your money would have earned in a deposit account. Any withdrawals could reduce any potential savings on your interest
- Flexibility - option to make overpayments at any time, redraw and take Payment Holidays (available after the concessionary rate period has expired)
Further Features
- Available on Residential and Buy-To-Let Mortgages
- Open up to six Offset Personal Current Accounts and Savings Accounts and up to six Offset Business Current Accounts and Savings Accounts, all of which can be linked.
Complementary Solutions
Important Information
- Minimum Loan amount – £25,000
- Interest rates may vary which could affect the amount repayable
- Arrangement fee applies for all our offset mortgages
- Not available for the purchase of property for business
- Not available to anyone who is not party to the residential mortgage
- Applicants can either be a sole trader, or a simple partnership (defined as consisting of two or more individuals who are in business together and have their mortgage together)
- Option to make overpayments at any time, redraw and take Payment Holidays is only available after the concessionary rate period has expired
- Interest is charged during the period of the payment holiday
- Security is required.
- Terms and conditions apply
- Full terms and conditions are available on request
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Terms and Conditions apply. All facilities are subject to status and applicants must be aged 18 or over.
Clydesdale Bank PLC is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.