Split loans
Many of you may have the burning desire to know what the right ratio is when it comes to splitting loans. For those of you who haven't heard about it before, lenders usually let you have an option to split your loans. What this means is that you can have a combination of fixed-variable or variable-variable or even 2 fixed rate loans for the one property. When fixed interest rates are quite low, it is very attractive to fix your mortgage. But then you have the niggling doubt whether the variable rates will go even lower! Or maybe you are thinking that you may have some bonus or extra money coming in and want it to offset your loan. So, what do you do? The perfect solution is to split your loan and have a fixed and a variable component. You can have the best of both worlds and can link your variable split to an offset account while enjoying the benefit of the fixed repayments as well. If the variable rate goes up, you at least know that the other split has fixed contribution for the