Mortgage Types
 

Offset Mortgage

An Offset Mortgage is a type of flexible mortgage very similar to the current account mortgage. The balance in a chosen account is deducted from the capital sum to which the interest is applied. The account may not be a current account as with the current account mortgage.

As with the current account mortgage the danger of this system is overspending and being short of the capital sum at the end of the mortgage term.

Mortgage Guides

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