With an offset mortgage you can potentially reduce the amount of interest you pay on your mortgage by offsetting any credit balance you have with the Lender / Bank against the mortgage debt. Some lenders facilitate this through a single account (usually known as a current account mortgage), others offer multiple accounts that allow customers to virtually separate their finances, but whichever the mechanism, the offsetting principle is the same.
This article (Offset Mortgages) is intended to provide a general appreciation of the topic and it is not advice.
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Your home may be repossessed if you do not keep up repayments on your mortgage.