Offset Mortgage

[BolshieBastard]

Does anyone have an offset mortgage ? Am due to re-m in May and am looking into these.

Is it possible to make overpayments with these accounts or by nature of offset is overpayment not necessary ? This is the query I cannot seem to find the answer to.
thanks.

Yep, had one for a few years now. Its great. I've effectively no repayments to make as I chucked all my spare money into it so the 'debt' is actually nil. I can make a draw down on the remaining mortgage of nearly 100k and the best is, I dont need any bank manager's or other lender's permission! That's doubly great i the current climate.