From the many type of mortgages that I have come across, The One Account Mortgage interest me the most coz it helps to save money from paying more interest.
It is like a normal current account whereby it brings together your mortgage, current account, savings, loans and credit cards into one account plus your monthly salary (while it is in your account) is offset against your mortgage balance. So you only pay interest on the lower amount.
Since it is a current account, you can get cash whenever you need them. On top of this you can repay extra money on your mortgage any time you want without penalty. When you get your bonus, dumb it there. When you are in need of extra cash, you can also take a break from mortgage repayments. It is very convenient and flexible, and save money too.
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