Who Has Used Oneacount .com?
#1
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Who Has Used Oneacount .com?
A friend told me about One account.com today.Apparently they can save you huge anounts on your mortgage.
So i had a look on there site and the saving i can make are huge ,has anybody on Scoobynet tried these?What are they like?
Try for youself if you want ,just use the calculater to see how much you can save.
http://oneaccount.com/onev3/calculat...-landing.shtml
So i had a look on there site and the saving i can make are huge ,has anybody on Scoobynet tried these?What are they like?
Try for youself if you want ,just use the calculater to see how much you can save.
http://oneaccount.com/onev3/calculat...-landing.shtml
#3
catch is that you are dumping your money all in one place so its difficult to track how much 'pocket money' you really have at anyone time.
A mate got one and she started over spending so they really pushed the idea of increasing her mortgage amount to allow for her overspending.... so she got out fast.
So its a great deal if you are very good at managing your money and dont give into temptation... so I'll stay where I am
A mate got one and she started over spending so they really pushed the idea of increasing her mortgage amount to allow for her overspending.... so she got out fast.
So its a great deal if you are very good at managing your money and dont give into temptation... so I'll stay where I am
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Originally Posted by rik1471
What's the catch? Seems too good to be true.
Exactly what i thought, but i just cant find a catch.Thats why i thought i would as the SN community,if they had any deaings with this company.
Mick
#5
We have a One Account, and it works wonders - any savings or money in your current account works for your mortgage, saving interest payments.
We are really pleased with it. However, it does seem from our recent dealings with them that their staff couldn't organise a drinking session in a brewery
We are really pleased with it. However, it does seem from our recent dealings with them that their staff couldn't organise a drinking session in a brewery
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Originally Posted by brumdaisy
catch is that you are dumping your money all in one place so its difficult to track how much 'pocket money' you really have at anyone time.
A mate got one and she started over spending so they really pushed the idea of increasing her mortgage amount to allow for her overspending.... so she got out fast.
So its a great deal if you are very good at managing your money and dont give into temptation... so I'll stay where I am
A mate got one and she started over spending so they really pushed the idea of increasing her mortgage amount to allow for her overspending.... so she got out fast.
So its a great deal if you are very good at managing your money and dont give into temptation... so I'll stay where I am
Makes sense... cheers Brum
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Originally Posted by SWRTWannabe
We have a One Account, and it works wonders - any savings or money in your current account works for your mortgage, saving interest payments.
We are really pleased with it. However, it does seem from our recent dealings with them that their staff couldn't organise a drinking session in a brewery
We are really pleased with it. However, it does seem from our recent dealings with them that their staff couldn't organise a drinking session in a brewery
50/50 so far then
Mick
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The idea has been around for years and works fine for proper grown -ups.
If you don't understand how spending less than you earn can be a benefit, then leave well alone.
If you don't understand how spending less than you earn can be a benefit, then leave well alone.
#9
Originally Posted by Spoon
The idea has been around for years and works fine for proper grown -ups.
If you don't understand how spending less than you earn can be a benefit, then leave well alone.
If you don't understand how spending less than you earn can be a benefit, then leave well alone.
dont confuse understanding with ability
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Originally Posted by brumdaisy
thats like saying 'if your understand how bad you hangover will be in the morning you won't get pissed the night before'
dont confuse understanding with ability
dont confuse understanding with ability
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We had one, worked quite well, what we didn't spend cleared the mortgage to almost nothing in 6 years. The rates became uncompetitive so we remortgaged to a slightly less flexible product, but still one that allowed overpayments and the ability to reclaim them. The mortgage cleared quickly because it is just a small starter home that was 90% mortgaged on our starting salaries. We're pretty frugal so our spending didn't increase dramatically since, so the mortgage reduced dramatically. The entire house is now our deposit for the next place. Unconventional, but worked for us. Search the best buy tables for offset mortgages.
Our next mortgage is a pretty flexible product with a 10 year fixed rate of 5.19%. The two don't usually go together, but we feel we were very lucky with the interest rates over most of our last mortgage and plan to clear the next one within the fixed period (no penalties as long as you leave something on the balance up to 10 years). Being self employed I also get lump sum income and expenditure so flexibility helps.
Our next mortgage is a pretty flexible product with a 10 year fixed rate of 5.19%. The two don't usually go together, but we feel we were very lucky with the interest rates over most of our last mortgage and plan to clear the next one within the fixed period (no penalties as long as you leave something on the balance up to 10 years). Being self employed I also get lump sum income and expenditure so flexibility helps.
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