The Woolwich Openplan Flexible Mortgage is a new type of mortgage that links to your current and savings accounts. This Offset Mortgage means you could save thousands of pounds and reduce the mortgage term. Perhaps your looking for a bigger place or just a better mortgage deal? With the offset tracker you could potentially reduce the life of your mortgage by up to 9 years.

An offset mortgage is quite simple in principal. You offset any savings you may have along with your current account against your mortgage. This acts as a subtraction from your mortgage and therefore leaving you paying less interest on the amount left, reducing your mortgage term and saving thousands in interest. Another option would be to keep the term of your mortgage the same and use your savings and current account to reduce the monthly payments.

This means that by offsetting you could either reduce the term of your mortgage or pay less on your monthly payments.

We're here to help you make the most of your money

	Who does this mortgage suit?
	Those who want to pay off the mortgage early by offsetting savings and banking or overpayments. Separate accounts for ease of use, branch, telephone and internet access If you are just looking to overpay on your mortgage Click here

A Woolwich Openplan Flexible Mortgage offers:

		Option to borrow up to 95% of property value

		Payment holiday when you need a break

		Offset savings & current account

		Free valuation for re-mortgages

		Interest calculated daily

		No tie in as all tracker rates are for life

	Benefits of using Select Mortgages & Loans • No Fees • Personal Advice • Comparing other offset or flexible providers products • Sourcing the right product for your needs & wishes