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Flexible/Offset mortgage with repayment penalties still worth it?

pricedout_1
pricedout_1 Posts: 146 Forumite
Part of the Furniture 100 Posts Name Dropper
in Mortgage-free wannabe
Even if there are penalties for a flexible/offset mortgage, is this not still a better option in the long term as once your balance reaches the debt on the mortgage you are mortgage-free? 
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