Coffeehouse Thread

2 posts

Forum Read Only

This forum has been made read only by the site admins. No new threads or comments can be added.

Financial Fun

Back to Forum: Coffeehouse
  • User profile image

    We're looking to remortgage the house (as the nice fixed rate deal has expired and the rates have shot up.) and I've tempted by offset mortgages. Mainly I'm tempted because it would simplify my banking life considerably to be able to dump everything in the current account and know it was still saving me quite a bit of money.

    Does anyone use these kinds of accounts? Any recommendations / warnings?

    We've still got 23 years left on the mortgage, so there's quite a sum left on it, but we're earning way more now than we were when we bought the house, so I'm hoping to be able to make a large dent in the interest we're paying.

  • User profile image

    Consult an IFA.

    I am not an IFA but when I last asked the same question of ours he said it was not worth it unless you have a large chunk of capital. This is merely an anecdote and does not constitute advice.

Conversation locked

This conversation has been locked by the site admins. No new comments can be made.