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Is Offset best thing for us?
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ManicMum
Posts: 845 Forumite
Hello MSEs!
I have recently acquired some funds (nothing dodgy!) and altogether have about £80k in the bank. I am thinking that an offset would work wonders for me. Am I right in this thinking or would I be better off with another type of mortgage? Currently on A&L variable and have £104k outstanding.
ANyone recommend a good one? I have looked at First Direct.
Many thanks.
I have recently acquired some funds (nothing dodgy!) and altogether have about £80k in the bank. I am thinking that an offset would work wonders for me. Am I right in this thinking or would I be better off with another type of mortgage? Currently on A&L variable and have £104k outstanding.
ANyone recommend a good one? I have looked at First Direct.
Many thanks.
0
Comments
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It very much sounds like you fit the bill for an offset mortgage. I'm getting one myself and the best First Direct offers are (below 65% LTV of less) are first class. And with no lock in period you can move it if things change or a better offer comes along.0
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