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Article: Leave room for a nestegg.(Your Money)
- Article from:
- The News Letter (Belfast, Northern Ireland)
- Article date:
- June 22, 2002
CopyrightCOPYRIGHT 2002 Johnston Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: NICKY BURRIDGE
Astute saving could open the door for homeowners and
HOMEOWNERS could save thousands of pounds and pay off their mortgage years early if they balanced their savings against their borrowings, according to the adverts for all-in-one and offset mortgages.
But are these claims too good to be true, or are people really paying over the odds for their mortgage because they fail to make the best use of their savings?
Offset mortgages allow consumers to reduce the interest they pay on their mortgage by offsetting their ...