We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Theoretical and offset mortgage questions
fuddyduddy12
Posts: 36 Forumite
deleted deleted
0
Comments
-
1. No your payments would remain the same. In the early years your payment is mainly interest and in the later years mostly capital.
2. Yes but doesn't make the payments less.
3. Yes, I would consider an offset in your position0 -
If you have £250,000 in the bank and want to buy a property at £250K why have a mortgage ? why not just buy cash and save on mortgage fees plus interest.
PS I love offset mortgages and think they are ideal for self employed people and people trying to be Mortgage Free ASAP0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards