We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Offset mortgage, are my savings safe?
Options

moneyquestion
Posts: 2 Newbie
Hi, can anyone let me know if money (£50K+) that is offset against a mortgage is safe in these current markets. I don't want to pay off my mortgage, but just want to use the offset to bring down my monthly payments. If I spread the money around, it means my mortgage payments will go up about £1k a month.
Thanks for any advice.
Thanks for any advice.
0
Comments
-
You may be suprised to learn that you're only about the 10th person to ask that in the last month
http://forums.moneysavingexpert.com/search.html?searchid=39329979
If the link above doesn't work, try seaching this forum for "offset safe" and you'll find lots of threads on the subject.My Excel Mortgage Calculator Spreadsheet: http://forums.moneysavingexpert.com/showthread.html?t=11571730
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards