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The Supreme Court recently voted in favour of the banks and turned down current account holders’ case against what they deemed to be unfair overdraft fees.

If you went overdrawn in the past banks charged relatively large sums in fees – people could be hit with a £30 fine for going 1p over their agreed limits, for example. And while many of the banks have now cut down their fees, people wanted retrospective recourse. They lost this, and many have been angered by what seems to be a ‘bank win’.

You need to ignore such issues and get on with making sure your finances are balanced and in order during this downturn – something that can be very easily done with an offset current account. With an offset current account, all your assets including your mortgage balance are placed to together in one account for you to manage easily.

An offset allows you to take money from the account, which increases your monthly rate, or alternatively you can invest money into the account which reduces your rate – essentially it is a giant overdraft of hundreds of thousands of pounds.

But for an offset current account to work at its best it needs to be carefully managed, week by week and day by day. You want to make sure you are doing all you can to reduce your overdraft with an offset, which in turns reduces your monthly rate – being careful with money allows you to save money with these innovative accounts.

So ignore all the goings on in the courts and ignore the indignant national media. Take control of your own finances and save your own money. You don’t need to wait on a court case to get hold of more money with an offset current account – you just need to manage your own situation as best you can .

To stay abreast of current trends, news and comment on offseting mortgages visit the Offset Mortgage Blog.

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When it comes to offset mortgages, you have a lot of choices. Its the ultimate flexible mortgage that can help you save, help you earn and work with anything you do in life. So offset comes in many permutations but it will always come down to two decisions. Offset comes as current account and offset mortgages, offset that works with a lump sum or offset that works as a large bank account. Both deals offer infinite chances and bonuses for the borrower but both works very differently. So how do they differ? And how do you choose between current account and offset mortgages?

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Current account mortgage advice is a must for anyone thinking of taking out a current account mortgage. And it might be worth going to a professional to get it. A professional mortgage broker can provide current account mortgage advice that is designed to cater for your particular financial circumstances. Here’s a guide to some of the areas that current account mortgage advice will cover, including why choose a current account mortgage and how to get the best from a current account mortgage. There is also current account mortgage advice relating to savings and an example of how a current account mortgage could work for you.

Read more on how to get Current Account Mortgage Advice

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There’s a lot of choice when it comes to current account mortgages UK borrowers will find. There are also a lot of benefits for families looking to make the most of their joint finances. Combining their finances into a single account could result in thousands of pounds’ worth of savings, which is why this could be an option for some couples. Instead of a joint account and a joint mortgage, they can combine them all in a joint current account mortgage. Here’s a guide to the benefits of current account mortgages UK families can expect, including the flexibility to adapt to financial change.

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Current account mortgages have been around for several years and more and more UK borrowers are expected to take out this type of flexible mortgage product over the next five years. One reason is the flexibility offered by current account mortgages, which is similar to that offered by other flexible mortgage products. Overpayments are allowed on these mortgages, usually without penalty. Savers especially can benefit from offsetting their savings against their mortgage and effectively gaining a higher rate on their savings. Be warned, though, current account mortgages require discipline – that large overdraft must usually be paid back before you retire.

Read more on how savers can benefit from Current Account Mortgages

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A current account mortgage is a bit like an offset mortgage, but there are important differences in the way they work. Unlike the offset mortgage, where money is managed in different accounts, a current account mortgage tends to lump them all together, so that savings, borrowings, credit cards and other debts are all in one. This one-pot wonder has all the flexible features that you would expect. The only question is whether you can cope with always being in the red. A few examples of current account mortgage providers are given, including the lender who started it all in the UK – Virgin.

Read more about how to choose a Current Account Mortgage