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These types of deal allow you to reduce the real cost of your mortgage by having savings accounts with the mortgage lender. You will not receive any interest on your savings but you will not pay any interest on the mortgage up to the level of your savings.
For example if you have a £100,000 mortgage and have £10,000 in savings then you will only be charged interest on £90,000 of your mortgage.
The interest rates on these types of deal tend to be higher than on more typical mortgage products and early repayment charges may apply. For further information please contact us here or call Richard on 0845 430 8676. 
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