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Is our Co-op Bank mortgage safe?
Redbean
Posts: 1 Newbie
We have two years left to pay off our Co-op mortgage, which is covered by our Offset Account. In the light of current speculation, would it be wise to terminate?
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Comments
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You owe them money...I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Unless you have a mortgage of over £85,000 and more than £85,000 in the offset account you are covered.
Do you have any exit fees? if you left/paid off the mortgage NOW?
Would clearing the mortgage use up all your savings?
At this moment in time I am sure the coop would like as much money IN as possible.0 -
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