The Who Why What When Where Questions of Offset Mortgages

Who are Offset Mortgages most suitable for ?

• People who have significant savings earning a lower interest rate than the mortgage rate.
• Those who are planning to save in the future.
• People who may need instant access to their savings in the future.

When is the best time for a Offset Mortgage ?

• When a you have savings that are not likely to be used in the near future..
• When you may need access to savings.

What to watch for ?

• Investigate to see if a better return can be had on investing savings elsewhere.
• A set up or booking fee may outweigh benefits to people with smaller savings.
• Try to get a goof interest rate or a deal like a fixed rate too.