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’
An Offset Mortgage Allows your Savings to Work for you
Posted by admin on January 1st, 2010
Posted in Articles 
Tags: 100 Mortgage, Allows, Borrowers, Conventional Mortgage, Council Of Mortgage Lenders, Households, Loan Rate, mortgage, Mortgage Debt, Mortgage Lender, Mortgage Loan, Mortgage Rate, Mortgage Repayments, Mortgage Tracker, New Mortgage, Offset, Savings, Savings Account, Three Months, Work, Year Mortgage 
No Comments »Offset Mortgage, Offset Mortgages, Mortgage, Mortgages, Offset
Posted by admin on December 31st, 2009
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 [...]
Offset Mortgages Can Save you Thousands
Posted by admin on December 30th, 2009
Offset mortgages offer an attractive alternative to traditional mortgages and can save you thousands over the long term. Buying a home is an exciting time, and it is the biggest financial purchase that most people undertake. The majority of homebuyers cannot afford to buy a house outright and it would be impractical to save [...]
Posted in Articles Tags: Australia, Buying A Home, Current Account Mortgage, Current Accounts, Daily Basis, Money, Mortgage Account, Mortgage Balance, Mortgage Interest, Mortgage Repayments, Mortgages, Offset, Salary, Save, Savings Accounts, Short Period, Thousands, Traditional Mortgages, Types Of Mortgages, United Kingdom, Variations No Comments »A Quick Guide to Flexible, Offset and Other Specialist Mortgages
Posted by admin on December 28th, 2009
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 [...]
Posted in Articles Tags: Borrowers, Building A Home, Current Account Mortgages, Financial Institution, Flexible, Flexible Loans, Flexible Mortgage, Flexible Mortgages, Fluctuations, Guide, Home Buyers, Investment Purposes, Lump Sum Payments, Mortgage Debt, Mortgage Market, Mortgage Packages, Mortgage Provider, Mortgages, Offset, Quick, Secured Loan, Self Build Mortgages, Several Different Types, Specialist, Street Lenders, Traditional Mortgage No Comments »Finding the Best Offset Mortgage Deal for you
Posted by admin on December 27th, 2009
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 [...]
Posted in Articles Tags: Best, Clarity, Cml, Council Of Mortgage Lenders, Current Accounts, Deal, Finding, Fsa, Households, Impartial Advice, Independent Body, Independent Mortgage Broker, Interest Rates, mortgage, Mortgage Account, Mortgage Deal, Mortgage Debt, Mortgages, New Mortgage, Offset, Payment Holidays, Rates Mortgage, Savings Account, Shapes And Sizes, Type Mortgage No Comments »