Offset or Savings?

adele9365

getmore4less wrote: »

Paying fees upfront is irelevent it makes no difference.

No way you could be saving £826py over a regular mortgage.

All the offset does is lower your borrowing, but you are down £900 to start with.

£25k @ 3.45% is £862py but you could get interest even at 1% net that's £250 off that £862, if it was just a smaller mortgage it would be less.

We have an offset but don't get one based on false information.

Hi. Sorry what I meant (I think?!) was we would be saving 826 per year on mortgage interest. Not over and above a regular mortgage.

This is what I was originally trying to work out whether it was worth paying the £999 fee and seems like it is. Then as we add more into the offset account it becomes an even clearer winner.

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