You maintain both a mortgage and a savings account with the lender!

Quite flexible loan option. They allow for overpayment or even underpayments if prior overpayments have been made.

off set

  • Fundamentally a saving account that is linked to a loan account.
  • Rather than earning interest on your savings deposit, the funds are used to off set the principle of the loan account.

Leave a Reply

Your email address will not be published. Required fields are marked *