The One Account

camposhenrique

I've just visited this website called One Account that my mate saw as I am thinking of buying a studio flat as a first time buyer in a year or so...

Now... It claims that if I borrow 80k (which with a 30yr mortgage and interest would become a true total payable amount of about 160k) I will only pay back around 20k interest (which brings it to about 100k total payable amount, notice this is 60k cheaper than any normal mortgage and they claim its at a 1.4% rate).

Martin and peeps out there I'd just like to know whether this is real, or just a very well marketed financial death trap!!!

Cheers!

Henrique

OldNelly

The One Account has been talked about in previous threads. You can find these by searching the forum.

I think the consensus was that it can be a good deal for people who are in good control of their finances and plan to overpay in order to finish paying back early.

Hope that helps