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 ‘Savings Account’
An Offset Mortgage Allows your Savings to Work for you
Posted by admin on January 1st, 2010
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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 [...]
What Is A Flexible Mortgage?
Posted by admin on December 29th, 2009
A flexible mortgage is a secured loan, which can be paid back in differing amounts while providing access to the housing equity (within pre-agreed limits). There are five key features with a flexible mortgage: the ability to pay the mortgage off early through overpayments or lump sum payments, the ability to borrow money back by [...]
Posted in Articles Tags: 10 Months, 100 Mortgage, 3 Years, Capital Debt, Control, Flexible, Flexible Mortgage, Lump Sum Payment, Lump Sum Payments, Lump Sums, Money Mortgage, Money Savings, mortgage, Mortgage Interest Rate, Mortgage Loan, Mortgage Payment, Mortgage Rate, Overpayments, Payment Holidays, Savings Account, Secured Loan 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 »