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Maximising offset mortgages

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    Maximising offset mortgages

    Anyone tried working their offset hard or know of any websites that go through all the tricks available. I had a quick search and I can only find the general benefits. I thought there would be something about really working it. Things like...

    Balance transfers to credit card so delay payments coming out of offset account. Nationwide .75% offering for example.
    Using 0% on purchase long term deals. Problem is you hit your credit limit before you make any good use of this? Maybe combined with balance transfer above could be worth it?
    Balance transfers to current accounts (cash transfer) as pointed out by NWP2C recently but rates not amazing.

    And particularly for contractors maximising directors loans to 10k as well as using the loan facility and paying the 4% interest which works out a lot lower if you are looking at true cost.

    and so on....

    Anyone up to speed with all the options or knows a site that discusses this? MSE seem to be very general posts about it, nothing in enough detail to make it worth reading.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

    #2
    And as a usual caveat I have already...

    A) Asked my accountant
    B) Searched
    C) Wondered if I am cut out
    D) Mailed the CUK Answerbot
    E) Bled my radiators
    F) And any other witty one liners I can't remember right now.

    And no smart alec grammar/spelling Nazis please!!
    Last edited by northernladuk; 28 March 2014, 15:01.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

    Comment


      #3
      Originally posted by northernladuk View Post
      E) Bled by radiators
      Did you cut yourself bleeding them?
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        #4
        Originally posted by TheFaQQer View Post
        Did you cut yourself bleeding them?
        I can't stand it when people post random stuff on threads that are not helpful in the prof forums!!







        'CUK forum personality of 2011 - Winner - Yes really!!!!

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          #5
          People posting just to post is pretty annoying too.
          Originally posted by MaryPoppins
          I'd still not breastfeed a nazi
          Originally posted by vetran
          Urine is quite nourishing

          Comment


            #6
            Originally posted by d000hg View Post
            People posting just to post is pretty annoying too.
            So I see.
            'CUK forum personality of 2011 - Winner - Yes really!!!!

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              #7
              Originally posted by d000hg View Post
              People posting is pretty annoying too.
              FTFY

              Comment


                #8
                Originally posted by d000hg View Post
                People posting just to post is pretty annoying too.
                True, but the thing that really pulls my chain is people who post that the OP should just google the forum. Did you actually think of doing that NLUK ? Or do you expect us to do your work for you ?

                Boo

                Comment


                  #9
                  I used to have an offset mortgage starting around the millenium. Interest rate was higher than normal and calculation was a bit opague, I never did fully understand it but was sufficiently unimpressed to not bother when I moved house as the so called "savings" always seemed smaller than expected despite (at the time) large amount of savings and salary income in days before contracting and divorce.
                  This default font is sooooooooooooo boring and so are short usernames

                  Comment


                    #10
                    Originally posted by MPwannadecentincome View Post
                    I used to have an offset mortgage starting around the millenium. Interest rate was higher than normal and calculation was a bit opague, I never did fully understand it but was sufficiently unimpressed to not bother when I moved house as the so called "savings" always seemed smaller than expected despite (at the time) large amount of savings and salary income in days before contracting and divorce.
                    Oh the non comedy version is a different thread, sorry ! OK take my last post as "comedy" ;-)
                    This default font is sooooooooooooo boring and so are short usernames

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