Welcome to our Mortgage Glossary. Here you will find definitions for more commonly used mortgage terms, making the jargon clearer. If you're unsure of any words or phrases, simply use the guide below.
An Offset mortgage means you are able to link a savings or current account balance to your mortgage balance. It has the effect of deducting the amount of your savings from your mortgage balance so you only pay interest on the difference.
An overpayment is an amount made in addition to your normal monthly mortgage payment.