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PROPERTY: Offset mortgages - Flexible home loans don't fit all profiles Borrowers love them, but experts say they only work if you're wealthy. Melanie Bien hears both views
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Offset deals may be all the rage in the mortgage market - but two
leading brokers argue that they aren't suitable for most borrowers.
Despite having been introduced just six years ago, offsets account
for one in 10 of all mortgages, partly because rates have improved so
dramatically during the past 12 months. But The MarketPlace at
Bradford & Bingley, a mortgage broker, believes that borrowers can
still get a better deal by opting for the cheapest standard product
and putting their sa...
Related newspaper, magazine, and journal articles from HighBeam Research
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PROPERTY: Do the sums if you; subtract your savings from a home loan Offset mortgages; Less to repay, flexible features and tax breaks: these deals have much to offer homeowners. Esther Shaw looks for the catch
The Independent on Sunday
; Are we really a nation of financial dunces? Recent research from the online bank Egg suggested the national financial IQ was less than half (56) of a possible top score of 120. But a growing number of Britons are showing their financial savvy by choosing offset mortgages that let borrowers use
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Do your offset sums Intelligent Finance claims its offset mortgage gives higher-rate taxpayers an effective savings rate of 11 per cent. Emma Lunn checks the maths
The Sunday Telegraph London
; A bank boasting that it can get you a rate of 11 per cent on your savings - more than double that of base rate - is bound to cause a stir. This happened last week, when Intelligent Finance announced new rates on its offset deals and claimed that higher-rate taxpayers could get an effective rate of
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 "The Mail on Sunday (London, England)")
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Will 2006 be the year of the offset loan? Price war brings lower interest rates ... so your savings can help take the pain out of mortgage payments.(Column)
The Mail on Sunday (London, England)
; ... the life of the loan. Another big player, Abbey, is now offering free legal work and valuations on its offset deals. The good news for offset first timers is that many brokers and lenders now have easy-to-use calculators online that can show exactly how the ...
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Offsets are no panacea They pay off the mortgage early and stop you paying tax on your savings - so should we all get one? Beware, says Richard Evans, offset loans have their drawbacks too
The Sunday Telegraph London
; "SWITCH to an offset mortgage and pay off your home loan early'' - this is the marketing spiel used to promote these relatively new home loans. But while the promise is certainly appealing - after all, who doesn't want to pay off their mortgage early - are these deals likely to benefit the majority
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BALANCE OUT THE RATE HIKES If you have a healthy savings pot, an offset home loan could save you thousands in interest payments, says Emma Simon
The Sunday Telegraph London
; If you want a mortgage that defies the recent interest rate rises, then look no further than an offset deal. These mortgages take a holistic approach to your finances. Don't worry: this doesn't involve crystals or new-age healing. It simply means your finances are treated as a whole, so any savings
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PROPERTY: When savings trample over the home loan Offset mortgages; Melanie Bien reports on the rise and rise of the deals that will slash your interest payments if you've got enough cash put by
The Independent on Sunday
; Offset mortgages haven't just got their foot in the door, they've kicked it wide open. One in 10 of all home loans are now offset against savings and/or current accounts - even though the first one was launched just five years ago. Lloyds TSB and Cheltenham & Gloucester entered the fray last week.
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An examination of the causal relationship between savings and growth in the third world
Journal of Economics and Finance
; Abstract Past studies reveal a correlation between savings and GDP growth in the Third World. Those studies hypothesize that higher rates of savings cause higher growth rates of real GDP. This paper explores an alternative hypothesis: that higher growth rates of GDP cause increased savings. Higher
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Savings in monetary form.(Opinion & Editorial)
Manila Bulletin
; PERSONAL savings, including insurance, affect the countrys economy. At present there is a need for savings to be used for investment. But the macro-economic picture is quite complicated. There is need to discuss personal savings in contrast to consumerism, productivity and savings, savings in
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 "The Economist (US)")
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Small savings for rainy days. (thrift in industrial nations)
The Economist (US)
; LAST year the total savings of OECD households dropped below 10% of their disposable income-the lowest savings ratio for a quarter of a century and down from a peak of more than 14% in the mid-1970s. America's personal-savings ratio has dropped from 8% in 1981 to a 40-year low of below 4% in 1987.
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Power savings not enough - industry group; ELECTRICITY USE
The Press
; Households have made meagre power savings over the past week of about 1.9 per cent, despite fears of winter blackouts. The electricity industry released the data yesterday and urged Kiwis to make further cuts. The chief executive of national grid operator Transpower, Patrick Strange, who heads the
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