We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Offset or Savings?

Options
2»

Comments

  • 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.

    x
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.