Offset Mortgage Vs Savings

Dangerous_2

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

Robert_Sterling_3

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.

cloud_dog

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_dog

shumphreys

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?

swizzle_2

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.