What is a Current Account Mortgage? by John Mussi
Current account mortgages are fairly new to the sector. They are quite different to other types of mortgage as they enable you to set off all your savings and debts in one single account. Several lenders offer this type of flexible mortgage that is linked to a current account, and is called a... A current account mortgage allows you to run a current account against the mortgage allowing any money in the current account to offset against the mortgage and reduce the overall interest you pay on the loan.

What is an Offset Mortgage? by John Mussi
An offset mortgage is very similar to a current account mortgage - but instead of having everything all in one account, all accounts are held separately. The offset mortgage concept treats your money as one giant pot, with each element (mortgage, savings, current account etc) separate to the rest. ... This is slightly different to the current account mortgage because your mortgage account is separate from a savings and income account that you open with the same company. ... A current account mortgage allows you to benefit in the same way, except it also acts a bank account so your salary...

Online Mortgages – Get Wise To The Web by Joseph Kenny
The boom in online banking and the success of some of the bigger online banks looks likely to revolutionise the way we manage our finances. Mortgages are no exception – now that virtually all lenders have an online presence and many will allow you to access your account on the web, new... An offset mortgage means that instead of receiving interest on your current account and some of your savings, you reduce the amount paid on your mortgage. ... Other parts of the mortgage process are set to change with the rise in internet business – there are companies who now offer online conveyancing,...

The Art of Stoozing to Make Money from Credit Cards by Philip Sproson
Make Money from Stoozing Stoozing , this is a sophisticated method of making money from credit cards that offer 0% introductory periods, the method requires cast iron discipline in never spending on the cards. But, I hear you all ask - what is stoozing and can I do it ? ... if you have a mortgage outstanding for £80,000 and a savings account containing £10,000 the bank will only calculate and add interest on the outstanding £70,000; effectively saving you interest by the savings amount, at the same APR as your mortgage.

Banking Online Brings Multiple Advantages by Tim Day
With so much negative publicity in the tabloids about banks closing their doors on the High Street, it is too easy to forget the positive aspects which lie behind these dismal (and over exaggerated) tales. In fact, between the Internet and the debit card, it is harder to say which has... Current account choices range from Premium accounts, offering various perks (at a price) to Intelligent Finance offerings combining the management of savings, mortgage, loans and credit cards into one service at generously low rates of interest.

Flexible Mortgage Tips by John Mussi
Outlined below are some useful flexible mortgage tips. The most prominent addition in recent years to the mortgage industry has been the flexible mortgage. As the name implies, it offers greater flexibility than the traditional mortgage. Flexible mortgages are fast becoming the most popular way... Some mortgage lenders offer a current account arrangement with their flexible mortgages. ... The flexible mortgage will not charge you for moving mortgage lenders as most traditional mortgages will. ... Each mortgage provider will specify the extent of flexibility on its Flexible Mortgage and the...

Offset Mortgages: A Dream for Well Off Homeowners by Michael Challiner
Offset mortgages represent one of the biggest mortgage innovations seen in recent years. Six years ago there was hardly an offset mortgage to be seen. Now they and the current account mortgage, to which they are closely related, account for £10 out of every £100 of new lending. ... Whilst the full benefit of your savings is reflected in a lower interest charge on your mortgage account, legally you have not received any interest. ... But as a guide, a standard taxpayer needs around £20,000 in savings behind a £100,000 mortgage to make the offset deal better value than a traditional mortgage.

What is a Flexible Mortgage? by John Mussi
'Flexible mortgage' is a term that's used a lot, but what exactly does it mean? A flexible mortgage allows the borrower to make extra repayments when they have the extra money and even reduce or skip payments should the need arise. A flexible mortgage allows you to make extra payments to reduce... Some are run as substitutes for current and savings accounts, so all your money is working to minimise interest on the mortgage. ... If you are looking for flexibility in the current mortgage market, there are two important facts to bear in mind.

Personal Finance – Why You Should Compare, not Despair by Rachel Lane
Sorting out your personal finances can be a tricky and exasperating time. Whether you are looking to obtain money through a loan, protect your finances with life insurance, medical, travel or car insurance, save some money through an individual savings account (ISA), apply for a credit card or a... Moneynet, in particular, has a tool which allows registered users to manage all of their accounts online – securely, including credit cards, savings accounts and current accounts. ... Additional consumer information services are also often provided such as financial guides, financial newsletters...

Say Yes to ISA Mortgages for a Convenient Mortgage Repayment by James Taylor
Customers who opt for an interest only mortgage, and feel themselves fortunate at the extraordinarily low monthly installments, wake up. The mortgage may be fast approaching its repayment. Interest only mortgages require only the interest to be repaid as monthly installment. ... ISAs or individual savings account mortgage will be a proper choice in this direction. ... This means that the mortgage amount continues to be the same even when the mortgage reaches its maturity date. ... One may not be able to repay the mortgage earlier or before maturity even if they have resources to effect the...