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.
Oh for sure.
But who has 1% and 150k?
And we don't all earn 70k pa.
I’m certainly a nope, nope, nope.
@skinny started
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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.