Offset Mortgage Tips

BudgetQueen14

Hi, I'm really new to the forum, but for the past year I've really been trying to get my family into a better financial position. We now budget for EVERYTHING and are building up our 6 month emergency fund in our offset mortgage, which is obviously having a impact on the amount of interest we pay on our mortgage. But I was after any advice or tips that I hadn't thought of yet to get the most out of the offset.
1/ Should we just save, save, save and not make overpayments
2/ Save and keep the mortgage payment the same so that we are always overpaying. Should we pay our capital payment at the beginning, middle or end of the month?
3/ What happens when you get to the last £2000
4/ Do you keep your offset account when you finish? We are with the One Account and I really like that you can set up various 'piggy banks' within the One Account.

Thanks for any help Money Saving Expert Angels

getmore4less

With offsets just save everything in the offset including cashflow money.

With daily interest just keep your money as long as possible so 0% purchase credit cards are good.

dimbo61

The name of the game with offsets is to build up the same amount in the offset accounts as you owe on the mortgage.
I would first build up £16,000 in savings and then overpay the mortgage every month unless you have more expensive debts.
Why £16K ? Benefits just in case you become unemployed.
It is a long journey but save every spare penny into the offset.