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Offset Mortgage Vs Savings
Dangerous_2
Posts: 1 Newbie
Question ???
Is it better to keep savings to reduce offset Mortgage or is it better to pay off a chunk of Mortgage with the savings???
ok addition to post
Mortgage £44k
Savings £10K
Is it better to keep savings to reduce offset Mortgage or is it better to pay off a chunk of Mortgage with the savings???
ok addition to post
Mortgage £44k
Savings £10K
0
Comments
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The answer depends on a number of factors about which in your case we have no information.
This fact may not prevent other posters from offering advice................................I have put my clock back....... Kcolc ym0 -
Question ???
Is it better to keep savings to reduce offset Mortgage or is it better to pay off a chunk of Mortgage with the savings???
Have you tried reading the thread "Offset Mortgages - The Numbers". In there someone has kindly posted a formula for you to figure out if you would be better off off-setting, etc.
cloud_dogPersonal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
Hi, I see from previous thread info about another thread re. offset mortgages.... entitled "Offset Mortgages - The Numbers" but I am unable to find this thread .... any ideas where it might be lurking?0
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If you look at the top of the page- of the mortgage thread- it`s there at the top as a sticky- it has a drawing pin on It.
I was looking for the same info as you.April Grocery challange £175
Spent week 1 £29.90
week 2 £62.64, TOTAL £92.540
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