Mene
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Joined: 24 May 2006
Posts: 10644
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 Posted: Sat Jul 04, 2009 1:11 am Post subject: Homes and Property - Property news - Money - Offset mortgag |
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In effect, you earn the <b>mortgage rate</b> on the savings you keep with the lender. And because you aren't actually given this interest, there is no tax to pay. According to First Direct, a leading provider of offset mortgages, ... And <b>current</b> accounts? These use the offset principle as well but put your credit and debit balances in one pot, rather than keeping them separate. This means you are constantly in the red, and some experts think traditional offsets are easier to ...
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