We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
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
-
Yes, put simply. You'd pay a lot less interest by offsetting your huge c/a balance against you comparitively small mortgage.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards