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vorlon24 · 07-01-2005, 12:47

One Account - it's an all-in-one, where the mortgage and current/savings account is all together.

This way, the current account and savings offset the mortgage balance, so you only pay interest on the remainder - our monthly repayments reduced by about £100 when my wife got her redundancy payment.

Offsets aren't for everyone though - you need to be quite disciplined with your money, and I haven't met anyone else yet who would benefit from this, and as a mortgage adviser, I see quite a few people!

07-01-2005, 12:47	#21
vorlon24 Senior Member+ Join Date: Nov 2004 Location: Tunbridge Wells Posts: 1,585 Liked: 0 times Rep Power: 44	Re: what... One Account - it's an all-in-one, where the mortgage and current/savings account is all together. This way, the current account and savings offset the mortgage balance, so you only pay interest on the remainder - our monthly repayments reduced by about £100 when my wife got her redundancy payment. Offsets aren't for everyone though - you need to be quite disciplined with your money, and I haven't met anyone else yet who would benefit from this, and as a mortgage adviser, I see quite a few people! __________________ "The Hour of Scampering is usually around teatime, according to the Vorlon/Human Translation Dictionary."