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**EnubreBense** · 09-01-2012, 01:31 AM

Only the surplus over FSCS limits is used to reduce mortgage debt. I have a fully offset mortgage for exactly the limit to keep the readies available at low opportunity cost, so would essentially lose whatever is in my current accounts to the debt itself.

Sorry... lost you there. You mean you are offsetting £85K (considering that's the compensation limit for deposits in the UK)?

09-01-2012, 01:31 AM	#19
EnubreBense Join Date Oct 2005 Posts 552 Senior Member	Only the surplus over FSCS limits is used to reduce mortgage debt. I have a fully offset mortgage for exactly the limit to keep the readies available at low opportunity cost, so would essentially lose whatever is in my current accounts to the debt itself. Sorry... lost you there. You mean you are offsetting £85K (considering that's the compensation limit for deposits in the UK)? Share Share this post on Digg Del.icio.us Technorati Twitter
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