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Offset mortgage, are my savings safe?
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
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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
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