The figures shown in the Offset Flexible Mortgage calculator are indicative. The actual interest cost and savings will depend on how you use the accounts in your offset arrangement and other factors such as interest rates. The illustration given assumes that for the duration of your Offset Flexible Mortgage:

• the savings and current account balances you have entered do not change over the term of your mortgage
• your mortgage payments do not change over the term of the mortgage
• any monthly savings are paid for the duration of the mortgage

This calculator compares the interest payable on the full balance of your Offset Flexible Mortgage (without offsetting) against the interest payable on the reduced mortgage balance (when offset). At the end of the mortgage term your savings will be intact (i.e. they will only be used to reduce the interest you pay and not the actual mortgage balance)

When considering the interest you would have earned from your savings accounts we deduct tax for tax payers at the rate specified.

The illustration does not include the cost of life assurance, buildings insurance, ISA or endowments. If you want a detailed illustration based on all your specific requirements, please call 0800 0337802.