One Account Mortgage
Introduction to One Account Mortgage
By bringing together your mortgage, current account, savings, loans and credit cards, the One account can help you make your money work harder and reduce the amount of interest you pay on your borrowing. It's very simple, but the effect it can have on your finances can be quite amazing.
Reduce the interest you pay on your mortgage
Just by paying your income and savings into the same account as your mortgage you're reducing your mortgage balance, so you only pay interest on the lower amount. This could save you a fortune over time and help cut years off your mortgage.
And as the One account is like a normal current account, you can get hold of your cash anytime you like. It's the same with your savings – when you need them, they’re there.
Save money on your other borrowing
You can transfer other borrowings to your One account, so you only pay one low mortgage-style interest rate on everything, cutting your monthly interest bill. There's no need to pay sky-high rates on loans and credit cards.
Get complete flexibility in managing your finances
Because the One account is so flexible, you can overpay to clear your mortgage quicker, or underpay or even take a break from your payments if you need to – without having to juggle your finances or leave yourself short.
Plus we’ll give you an agreed borrowing limit (your ‘facility’) that you can withdraw up to at any time, just like a pre-agreed overdraft. As long as you repay your mortgage by the time you retire and stay within your borrowing limit, how you run your account is up to you.
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- Getting a fair deal on a mortgage
- Glossary of mortgage terms
Mortgtage Providers
- Abbey National Mortgage |
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- Chelsea Building Society Mortgages |
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- Cheshire Mortgage |
- Clydesdale Bank Mortgage |
- Co-Operative Bank Mortgage |
- Darlington Mortgage |
- Derbyshire Mortgage |
- Dudley Mortgage |
- Dunfermline Mortgage |
- Furness Mortgage |
- Halifax Mortgage |
- HSBC Mortgage |
- Kent Reliance Mortgage |
- Leeds and Holbeck Mortgage |
- Nationwide Mortgage |
- Newcastle Mortgage |
- Northern Bank Mortgage |
- Northern Rock Mortgage |
- Nottingham Mortgage |
- One account Mortgage |
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IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]