Will Stoozing into an Offset Mortgage affect my capital repayments ?
It is recommended that you make the same level of payment as you did before you had any offsetting accounts. So if you are looking for a way to reduce your monthly out goings, then this is not it. It can be done this way, but you are not truly lowering your outstanding mortgage debt, just delaying it. As interest rates and future financial changes are uncertain, this is not an effective method of Stoozing. Also ensure the Stoozing savings money is not used to overpay the mortgage. This money isn’t really yours and you need to be in a position to repay the credit cards at any time.
