Do I have to keep track of my spending?

You do need a lot of self-discipline because it can be harder to keep track of your monthly spending especially with a current account mortgage.

Is it easy to switch lenders?

Because the majority of your accounts are tied into one lender, it is harder to switch, but with some time and effort it can be achieved.

Is the interest rate higher?

You'll pay a little extra in terms of the base mortgage rate compared to, for example, a five year fixed rate deal.

Where can I obtain Offset Accounts?

Banks and building societies offer offsets, however it is advisable to seek independent impartial advice from a mortgage broker who will help you decide which, and if, Offset Accounts are suitable for you.

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