Offset mortgages are set to grow in 2007

Offset mortgages are set to grow in 2007 as borrowers take advantage of new deals on the market. At present offset mortgages account for only a relatively small percentage of the overall mortgage market.

Many households looking for a new mortgage would be better off with an offset mortgage. Offset mortgages allow savers to use their savings to lower overall debts and subsequently enjoy lower interest repayments.

There are now over 30 providers offering offset mortgages.