Comments on: When Offset Mortgages are a Good Idea. http://www.mortgageguideuk.co.uk/blog/mortgages/when-offset-mortgages-are-a-good-idea/ Simplifying Finance, Housing and debt Fri, 10 Feb 2012 11:38:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Richard Pettinger http://www.mortgageguideuk.co.uk/blog/mortgages/when-offset-mortgages-are-a-good-idea/comment-page-1/#comment-31 Richard Pettinger Mon, 02 Jul 2007 15:58:36 +0000 http://mortgageguideuk.co.uk/blog/mortgages/when-offset-mortgages-are-a-good-idea/#comment-31 Hi Daniel, Yes, I agree. Personally I would not consider an offset mortgage because: a) I don't have anything in my current account b) I don't pay the higher rate of income tax. Hi Daniel,

Yes, I agree. Personally I would not consider an offset mortgage because:

a) I don’t have anything in my current account
b) I don’t pay the higher rate of income tax.

]]> By: Daniel http://www.mortgageguideuk.co.uk/blog/mortgages/when-offset-mortgages-are-a-good-idea/comment-page-1/#comment-17 Daniel Wed, 27 Jun 2007 18:07:12 +0000 http://mortgageguideuk.co.uk/blog/mortgages/when-offset-mortgages-are-a-good-idea/#comment-17 I agree that offset mortgage can be of great benefit to those paying 40% income tax on their savings accounts. While offset mortgages are becoming more popular I would guess this is only amongst those on high earnings. In my experience offset products are not suitable to those on an average household income as they cannot normally offset a high enough ammount to make any significant impact. These people wouldbe better off making use of any flexible features on their mortgage and making overpayments when they can. What is your opinion on this? I agree that offset mortgage can be of great benefit to those paying 40% income tax on their savings accounts. While offset mortgages are becoming more popular I would guess this is only amongst those on high earnings. In my experience offset products are not suitable to those on an average household income as they cannot normally offset a high enough ammount to make any significant impact. These people wouldbe better off making use of any flexible features on their mortgage and making overpayments when they can. What is your opinion on this?

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