• Offset mortgages beat best buy savings accounts

    Over the past two years UK offset mortgage borrowers have earned £1.4 billion more on their savings than those who placed their money in best buy savings accounts, according to one provider of offset mortgages.

    Following analysis of its customer data, the same lender has claimed that the estimated total of 460,000 offset mortgage borrowers in the UK have made a total ‘return’ of £1.9 billion over the last two years, compared with only £534 million in cumulative net interest if they had alternatively invested in the equivalent best buy saving accounts.
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