Thanks Joey - it all sounds pretty good so far. I just have one more question.... ...what happens when the mortgage equals the amount of savings in the offset accounts? Am i expected to repay the mortgage immediately thus losing all my savings, or effectively carry on with an 'interest free' loan?

Hi all, I have just spent all evening reading about offset mortgages and am a little confused (which isn't unusual ) I was hoping someone may be able to advise me on my situation. I've been thinking of switching from my traditional tracker mortgage to an offset mortgage, but cannot work out if it would be to my advantage or not. I have ...

Hi all, I am looking to re mortgage my property when my current deal comes to an end at the beginning of October. I am looking to pay off my mortgage of 80k (property value is 200k) asap. Probably somewhere between 5 and 10 years. The household income is in the region of 35k per annum (just over 2k/month) and I have savings of 20k. What would ...