Flexible Offset lifetime Trackers VS Standard Lifetime Trackers

sitesafe

Interested in hearing Pros and Cons of both types ...

Also are the offset trackers more suitable for people that have heaps of savings (because I don't just £2k in an ISA)

Thankyou

powerwin

Broadly speaking I would say the attraction of offset mortgages is that you have more flexibility, in that you can retain access to large savings balances if you have them. However, offset mortgages usually offer poorer interest rates than the non-offset equivalent, so it's only worth having them if you expect to have large savings balances and need the flexiblity.

This is not professional advice ...

Rgds