All Topics / Help Needed! / offset question

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  • Profile photo of eilatan28eilatan28
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    @eilatan28
    Join Date: 2010
    Post Count: 44
    May 4, 2013 - 1:10 am

    Hi everyone!

    thanks for the ongoing discussions, and topics. Really love reading them all. I have a question about offset accounts :

    Can you attach an offset account to a mortgage that is not yours ?? or do they both have to be in the same name ??

    thanks 

    Profile photo of Jamie MooreJamie Moore
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    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    May 4, 2013 - 2:00 am

    I've never tried but would assume they'd have to be in the mortgage holders name.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    May 4, 2013 - 2:49 am

    Have to be in the same names, but some lenders used to offer accounts in another name, such as a related company. Can't think of any that do now.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of god_of_moneygod_of_money
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    @god_of_money
    Join Date: 2008
    Post Count: 970
    May 4, 2013 - 10:36 am

    Yes. need to be "exactly" the same name…Not even joint account

    Profile photo of RyanJDRyanJD
    Member
    @ryanjd
    Join Date: 2011
    Post Count: 77
    May 17, 2013 - 2:22 pm

    Yep I know my bank use to offer family offset accounts many years ago. Don't know of any that do it now.

Viewing 5 posts - 1 through 5 (of 5 total)

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