Do your offset sums Intelligent Finance claims its offset mortgage gives higher-rate taxpayers an effective savings rate of 11 per cent. Emma Lunn checks the maths From: The Sunday Telegraph London | Date: January 28, 2007| Author: | Copyright 2007 The Sunday Telegraph London. Provided by ProQuest LLC.Copyright information

A bank boasting that it can get you a rate of 11 per cent on your savings - more than double that of base rate - is bound to cause a stir.

This happened last week, when Intelligent Finance announced new rates on its offset deals and claimed that higher-rate taxpayers could get an effective rate of 11 per cent on their savings by offsetting them against their mortgage. So how do offset mortgages work and who benefits from them?

Offset deals offer a more flexible way of repaying your home loan because they link your credit (money held in a savings or current account) with your debt (your ...

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