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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
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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 their savings to slash the overall
cost of a home loan.
Where once offset deals were far more costly than a discounted
variable- rate or fixed mortgage, their popularity with borrowers has
led t...
