TheUniversalBulidsociety V OneAccount

Nov 02, 2004 2 Replies

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Gurmej 21 years ago

Hi All,

1) Can anybody give any positive and negative feedback about Universal

2) What are the pros/cons for a Universal prodcut as opposed to One Account

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i.e. The universal product is saving offset(BOE+.50) and the one account is a current account type mortgage whose rates tend to be higher. They both have no tie ins.

Thanks your help in advance Gurmej

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Daytona 21 years ago

Sorry, I've never heard of them.

Daytona

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Phil Thompson 21 years ago

the most obvious difference is that you will get more benefit from a current account mortgage than from a savings account offset (with cheques taking "up to 8 days to clear") as the money in your current account won't be offset.

there are ofset deals with current accounts elsewhere, as well as current account mortgages.

Phil

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