Definition
The linked savings are normally not used to repay the mortgage; instead, the lender calculates interest on the mortgage balance minus the qualifying savings balance. Access, account ownership, rate and repayment options vary by product.
Practical example
With a £200,000 mortgage and £30,000 in linked savings, interest may be calculated on £170,000 while the savings remain available under the account terms.
Why it matters
Compare the interest saving with alternative savings returns, product pricing and the need for cash access.
Mortgage repayment calculatorSource and review
Reviewed 16 July 2026. Product criteria and rules can change.
MoneyHelper: mortgages and interest ratesDiscuss your mortgage with a broker
We can introduce you to an FCA-authorised mortgage broker. MortgageConnector does not provide regulated advice, and using the matching service does not commit you to proceed.
Request a broker match