A report by Datamonitor (market analysts) has found that "offset" mortgages are increasing in popularity. Their research found that by 2008 around 20% of all mortgages will be offset mortgages at the current application rates.
Our view
People are becoming more financially aware and the "offset" mortgage where you get no interest on savings but on pay mortgage interest on the difference between what you have in savings and what you owe is proving to be a hit.
Learn more about offset mortgages and more in our site Mortgage Crazy.com.