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Most people will spend most of their life owing people money. They do not realise that they can save money (sometimes quite a lot) by consolidating their income, savings and debts into a single bank account. This, of course, is not the traditional way that people run their personal finances, with salaries going into one account, savings into another and a completely different arrangement to pay off the mortgage. The One account allows you to put your savings and borrowings together, keeping the cost of your borrowing to a minimum. When you open a One account, you negotiate an overall borrowing facility that can represent as much as 95% of the value of your home. Thus a couple with a ₤100,000 house – and needing an 80% mortgage – might set up a loan facility of ₤95,000, giving them an additional ₤15,000 to call on when required. Once the lending facility has been agreed, you can dip into it whenever you want and, equally important, pay it off however youMost people will spend most of their life owing people money.
Approximate Word count = 649
Approximate Pages = 2.6
(250 words per page double spaced)
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