Virgin one account anygood??

kornfreak

:j hi

Ive being thinking of trying the 1 account by virgin.

Has anybody tried or heard anything about it?

Ive seen the adverts and read some of the website but was wondering if anybody had any experience with it good or bad?

cheers
mark

jamesd

The interest rates are too high to make it interesting unless you have a large percentage of your mortgage going into or out of your account each month. To see a worked example for a 250000 mortgage of it taking three and a half years longer and costing 66000 more than a different mortgage, for the same monthly payment, see Overpayments and offset mortgages.

It seems to be very much liked by those who have it and I don't ever recall seeing anything but positive comments about customer service. It's a great product... except for the very high interest rate.