Offset joint mortgage, separate current/savings account

polgara

Just need some advice regarding potentially re-mortgaging.

OH has a fixed rate deal which will need reviewing soon. Plan was for us to remortgage together (with agreement over what equity was put into the property). We're just in the researching bit - and thinking about an offset but we'd want to keep our finances separate. Is it possible to have an offset mortgage but have separate current/saving accounts? If so, who offers this? I've always saved for things - ie have a car pot, holiday pot (ISAs) and would be uncomfortable not having these separate.

silvercar

lots of offsets are savings account linked rather than current account. So you could maintain your existing current accounts and have a shared offset savings account linked to the mortgage.

phizzimum

we have an offset tracker mortgage with barclays

between DH and myself we have several current and savings accounts linked. Obviously, we can both access the accounts that are in joint name, but we both have personal accounts that the other can't see!

dimbo61

yorkshire building society also do this and you can have up to 3 accounts
linked to the offset mortgages they offer.
yours, OH and joint !!!
also check out first direct fixed offset mortgages very good rates at
moment. good luck

setmefree2

Hi

We have the Woolwich/ Barclays flexible (can pay off as much as you want) tracker which can be used as an offset just with savings - no ccurrent a/c required. Rate today 5.25 % I think.

jackomdj

Lloyds TSB's version you can have as many accounts linked as you wish....you can even have other peoples who are not on the mortgage! We have my parents & pay them their interest, so they don't lose out & we gain!

Lloyds (it may be C&G thinking about it but we did it through lloyds & it is our lloyds accounts that are linked) you can link in current & savings accounts.

Nicky