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The One Account..is it for me?
George&Ade
Posts: 45 Forumite
Hi.
Have just been reading about "The One Account" where i believe you put all your savings etc.into and this helps bring down the mortgage(or remaining term).
I have a mortgage of £17,500,disposable income of about £500 per month,and currently "looking after" about £20,000 of my friends money.
Would this type of account be good for me please??
Have just been reading about "The One Account" where i believe you put all your savings etc.into and this helps bring down the mortgage(or remaining term).
I have a mortgage of £17,500,disposable income of about £500 per month,and currently "looking after" about £20,000 of my friends money.
Would this type of account be good for me please??
0
Comments
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Yes, put simply. You'd pay a lot less interest by offsetting your huge c/a balance against you comparitively small mortgage.0
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