Mortgage
Tips
What are Offset Mortgages?
- Caleb
- June 2, 2016
- Mortgage
Offset mortgages are a way of using any of your existing savings to offset any outstanding mortgage balance – meaning you are only charged interest on the remaining mortgage balance. For example, if you have a £250,000 mortgage balance, you offset this balance with £40,000 savings and are then only charged interest on the £210,000 […]
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