As flexible as Virgin One Account

kazza_2

Can anyone tell me if there is an offset mortgage as flexible as the Virgin One Account? i.e.

• No minimum monthly payment required
• Ability to borrow to the maximum facility, at any time, without prior permission from the lender

I am not aware of any other account like this and brokers have been most unhelpful.

Thanks.

louisdog

Have you looked at Intelligent Finance (http://www.if.com) . I think their offsets are pretty flexible, although having said that I think you may still have to make a minimum monthly payment unless you ask for a payment holiday.

kazza_2

Thanks. Yes, I have looked at Intelligent Finance, Yorkshire BS and RBS but they all have minimum monthly payments with limited "payment holidays"

The One Account really does seem to be a unique product.

Incidentally, when ever I go into a Royal Bank Of Scotland (who own Virgin One Account) branch, the cashier tries to persuade me to switch to the RBS mortgage - what's going on there?