Why pick the One Account?
Simply put - it saves a person money! The One Account is a sensible method of keeping all your money in one place. Which means that your mortgage, your current account, and any borrowing you have can all be on a single account. Any money that you do have within the account will be used against the interest in your mortgage , the idea being that you should have the ability to repay it much more quickly than a regular mortgage. This is because the interest is calculated about the amount owed that day, and at the end from the month the interest charges for each day are added up after which debited from the account. The mortgage can be for approximately 75% of the value of your property, and it is dependent on your financial situation. This review from the One Account mortgages likes the customer flexibility!
This mortgage is effective for...
Just about anybody, but is especially perfect for people who may be self-employed, who have a good irregular income, or whose income is based upon commissions. This is because it enables them to overpay 30 days when they are doing well, and pay much less another month, or to even take a vacation from that month completely. It really doesn't matter as long as the account is paid off by the end from the term.
It is also great for people who might take a small salary during the year but who then receive large bonuses or dividends at the conclusion of the year. The same thing applies to someone who might be newly qualified and who is expecting his / her salary to rise significantly over the next couple of years. They can arrange to pay small monthly payments to begin with, and then as their salary increases use the surplus income to lessen their borrowing.
Simply put - it saves a person money! The One Account is a sensible method of keeping all your money in one place. Which means that your mortgage, your current account, and any borrowing you have can all be on a single account. Any money that you do have within the account will be used against the interest in your mortgage , the idea being that you should have the ability to repay it much more quickly than a regular mortgage. This is because the interest is calculated about the amount owed that day, and at the end from the month the interest charges for each day are added up after which debited from the account. The mortgage can be for approximately 75% of the value of your property, and it is dependent on your financial situation. This review from the One Account mortgages likes the customer flexibility!
This mortgage is effective for...
Just about anybody, but is especially perfect for people who may be self-employed, who have a good irregular income, or whose income is based upon commissions. This is because it enables them to overpay 30 days when they are doing well, and pay much less another month, or to even take a vacation from that month completely. It really doesn't matter as long as the account is paid off by the end from the term.
It is also great for people who might take a small salary during the year but who then receive large bonuses or dividends at the conclusion of the year. The same thing applies to someone who might be newly qualified and who is expecting his / her salary to rise significantly over the next couple of years. They can arrange to pay small monthly payments to begin with, and then as their salary increases use the surplus income to lessen their borrowing.
