Is an offset mortgage right for you?
Offset mortgages can be a great way to arrange your finances if you have savings that aren’t working well for you.
In real terms, simple savings are falling in value right now, thanks to the combined issues of inflation and low interest rates. So offset mortgages rates are winning legions of fans throughout the country.
If you’re a contractor or you’re self-employed and have substantial earnings, offset mortgages can be a great way to make the most of your money, while you save for a tax bill. Effectively, while you build up savings in preparation for an annual tax bill, it reduces the interest owed on your mortgage.