With offset mortgages you have separate accounts but again the funds you have in savings or current accounts are taken into consideration when you interest is calculated. This could be an advantage as with the current account mortgage and all your accounts are in one place which may make them easier to manage.

When deciding if this is the product best for you it's worth looking at the different benefits and drawbacks of the various accounts.

For example, the mortgage arrangement may be suitable but you may get a better deal on a different current account. It's really only worth considering an offset mortgage if you generally have a healthy amount of credit in your other accounts.