Offset mortgage deals can save thousands in mortgage repayments.

Offset mortgage deals allow home-owners to pay off their mortgage far more quickly than a standard deal. While savings are used in the repayment calculation access to them is still allowed.

Most home-owners look for ways to reduce costs, many regularly switch their car and home insurance or energy provider to achieve the best deal. However many are missing out on the most important saving to be made and that is on their mortgage. For most, mortgage payments are the largest monthly out going and many miss out on the best deals.

An offset mortgage can significantly reduce a mortgage term saving home-owners thousands of pounds over the duration of the deal, yet only 7 per cent of mortgage holders have considered an offset and fewer still have taken one out.

During these challenging economic times when savings interest rates are as low as they are, it would be wise to make your money work harder. You would probably benefit far more using your savings to offset your mortgage then keeping them separate hoping saving rates will improve.

Most home-owners are scared off an offset deal assuming such products are complicated and only work for the rich. Offsets in reality are reasonably straightforward but require money management.

Offset mortgage options are available across a range of lenders products and Deal Direct are up to date on what is offered and  lenders criteria.

For a full explanation of an offset, advice as to whether this is the right product for you and comparison of the leading market rates contact Deal Direct today.