One Account

dimbo61

Saxtoda if you are going onto the SVR of 2.5% in august you might well be better off doing nothing!
while on the SVR you can overpay to your hearts content or save into cash ISA,s paying 3%+ so why go to all the hassell and expense of moving mortgage ?
Make sure you dont waste the extra money you will now have because you are on a cheaper rate

saxtoda

yea, i jump on to the base rate of 2.5% (always 2% above BoE).

I was trying to work out whether to stick with this and overpay by around £200 each month, to use a One Account or take out a 5 year fixed at around 4%

I also considered paying in to a cash ISA instead of of overpaying.

too much choice, but i seem to be favouring the base rate and take the chance that raqtes don't rise quickly over the next 5 years

getmore4less

Offsets are right for some situations.


The main thing is the One Account is not a very good one.