More people in the UK should be taking out offset mortgages or at least having some sort of offset facility written into their agreement.
That's the view of Intelligent Finances who beleive that many UK consumers are missing out on huge savings because they don't take advantage of the offset deals available.
The group say that in Australia a massive percentage of mortgages have offset facilities and this is because the nation's consumers have realised their massive benefits.
Cammy Amaira, director of sales for Intelligent Finances commented, "Offset has come a long way in the past 10 years in the UK, but we’d like to see it really boom like it has in Australia, where offsetting was born. Our latest number crunching proves it’s definitely worth it."
The group say that the average UK consumer could save anything up to £70,000 with an offset mortgage and are urging consumers to research the market for deals.
Offset mortgages can seem a lot more complicated than they actually are. It's certainly worth looking at what providers have on offer to see if you can be one of the consumers they work best for.