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Virgin one account

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Hi all,

Does anyone know if the virgin one account is like any other offset mortgage?

I used the mortgage shrinker gadget from their site and it just seems too good to be true although i have had friends who have had a one account with them who have said good thing.

Thanks in adv

Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    It can't produce result better than any other offset.

    if you get the data wong it double counts.
    Check income-outgoing * predicted period is it less than the mortgage amount?

    it has been known to pay off £100k mortgages with £90k.
  • fatfei
    fatfei Posts: 27 Forumite
    Ive compared it to the mortgage calculators on this site and with the same conditions the virgin one works out better. I assume because your wages are paid directly into the mortgage which i assume all offsets do
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