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Offset mortgage search site

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Comments

  • michaels
    michaels Posts: 29,493 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 2 May 2023 at 2:51PM

    Didn't Barclays bascially pull the credit line on offset mortages at one point during the GFC leaving some borrowers in a very difficult positon as the offset funds were intended to pay tax bills?

    I think....
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
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    edited 3 May 2023 at 8:14PM
    Sorry Michael's No idea what GFC is 
    We dip in and out of our offset savings to pay for big money items like a kitchen or car
    Then save up quickly to get back to fully offset.
  • silvercar
    silvercar Posts: 50,629 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    dimbo61 said:
    Sorry Michael's No idea what GFC is 
    We dip in and out of our offset savings to pay for big money items like a kitchen or car
    Then save up quickly to get back to fully offset.
    GFC=Global Financial Crisis.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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