An Offset mortgage is a product that allows a borrower to ‘link’ their savings to their mortgage account. Clients only pay interest on the difference between the offset savings balance and the mortgage amount, so their savings reduce the mortgage interest they pay. At...
Mortgages, and the rising monthly mortgage costs, have been constantly in the news of late. The Bank of England has increased the BBR again, this time by 0.25% to 5.25% (3rd August) and has said they may need to increase mortgage costs further in the coming months....
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