General

In general if you are looking for smart way of manage your money then a Current Account Mortgage maybe for you. Just remember it will only be efficient if you are the type of person who can run finances effectively. With this type of mortgage every penny counts!

A good description of a current account mortgage is ‘A combination of your current account, loans, overdraft, savings and mortgage. You get a full current account facility with great flexibility’.

Just think if the dream came true you could pay off your mortgage earlier, and save money in interest charges as your credit balances reduce the interest you owe.

Paying less interest on your mortgage because you sacrificed interest on your savings could be a decision well worth taking.

As overdrafts and loans tend to be at higher rates than mortgages it must be considered beneficial that all your borrowing is at the same rate as your mortgage.