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Capital Ideas is a trading style of Financial Horizons Ltd which is authorised and regulated by the

Financial Conduct Authority, FCA reference No 587075.  Registered in England, company No 07714109.  Registered office 77 Woodcrest  Road Darlington DL3 8EE

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Current Account Mortgages

Current account mortgages try to help you to reduce the interest you pay and shorten the term of your mortgage.  In this respect they are quite similar to offset mortgages.

There is a crucial difference, though.  With a current account mortgage you have only one account; your savings and mortgage are not separated.  When you pay money into your current account it reduces the mortgage balance, and when you pay money out of it, it increases the mortgage balance.  So the money that would normally be in your current account helps to reduce the interest that you pay on your mortgage.

To help you to budget, mortgage lenders sometimes allow you to create your own 'virtual' accounts.  This is normally done online.  To manage these effectively you need to be very disciplined with your finances and record all your transactions carefully.

If you do not maintain separate 'virtual accounts', it can become very difficult to know where you stand with your finances.

The interest rate that you pay is unlikely to be as low as most other types of mortgage deal.

Be sure that you’re aware of the costs and hidden pitfalls before taking any mortgage.  Read our lenders’ costs document  for more information.

Keys and deeds

As independent mortgage brokers we’re well placed to find the cheapest mortgage rates that fit your individual needs.

Don’t forget, too, that a mortgage loan is probably the biggest commitment you’ll take on, so you need advice on how to make sure that the dream doesn’t turn into a nightmare.

To get on with finding the best mortgage deals for you, just contact us to discuss your needs.

Your home may be repossessed if you do not keep up repayments on your mortgage

Our typical mortgage advice fee is 0.5% of the amount borrowed.  This depends on individual circumstances