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Repayment versus offset mortgage

evoke · 2010-11-02 10:25:39

I'm looking to settle a £72K balance on a repayment mortgage using the proceeds from the sale of my current property and then take out a much larger mortgage for my next home. Essentially I appear to have the choice of a repayment mortgage or an offset mortgage. Say you're borrowing around £200K over 16 years, which one…

Comments

Thrugelmir Posts: 89,546 Forumite

3 November 2010 at 8:35PM

That's precisely what this forum is for. No question is ever dumb. As without asking questions we'd never learn and pass on knowledge.

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