All-in-one accounts could cost more money says CA

Professional Adviser
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The Consumers' Association says all-in-one accounts may not be money savers as higher interest rate...

The Consumers' Association says all-in-one accounts may not be money savers as higher interest rates and poorer introductory deals could mean consumers end up paying more overall. The report concludes that an all-in-one account won't necessarily save mortgageholders and investors money. Interest rates on these accounts are often higher than on traditional mortgages, and they tend to have poorer introductory deals. Although it may appear that the client is saving money by linking their mortgage with their current account and savings, the CA stresses some traditional mortgages have si...

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