An offset mortgage allows your savings to work much harder for you than if they were just sitting in an ordinary savings account. An offset mortgage means borrowers only pay interest on their net loan amount – minus any savings they have in the same or linked account. Monthly mortgage repayments are calculated on [...]
Posts Tagged ‘Offset’
Offset Mortgage, Offset Mortgages, Mortgage, Mortgages, Offset
An offset mortgage basically uses the interest from your savings account against the interest charged on your mortgage. Usually your mortgage lender will link your mortgage and savings account into a single account, with the same financial institution. Each month, the amount you owe on your mortgage is reduced by the amount you have in [...]
A Quick Guide to Flexible, Offset and Other Specialist Mortgages
The choice and diversity of mortgage packages being offered to borrowers has increased dramatically in recent years to cater for the modern mortgage market. Most high street lenders offer some find of flexible or offset mortgage in their product range. Below is a quick guide to some of the main types: Flexible Mortgages Essentially a [...]
Finding the Best Offset Mortgage Deal for you
Finding the best offset mortgage deal can be challenging. There is a huge amount of information on the internet and on the high street about offset mortgages, but instead of giving you clarity, it can leave you overwhelmed and confused as to which is the best offset mortgage deal on the market. What is [...]
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