Owning your own home

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skinny

There's a flip side too, that not being tied to mortgage payments gives you flexibility to re organise your life and work.

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Hefty in reply to @skinny

By degrees, yes. But if you have a £150k mortgage and you fixed last year at 1% £125 a month in interest might not make any difference to your lifestyle or stress levels. Indeed you might feel more comfortable having £150k in the bank.

The offset mortgage is a catch all.

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leggy_blonde in reply to @Hefty

The monthly bills would be over £500 including the capital repayment, what have I missed?
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skinny in reply to @Hefty

Oh for sure.

But who has 1% and 150k?

And we don't all earn 70k pa.

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