The Return of the Offset Mortgage 

would a 10k safety fund held in a offset mortgage at 6% save £50 per month? .... (comparisons are interesting... offset or gold or both)

Yea but try this ... £100k mortgage remaining. £100k savings offset. You have a zero % interest free mortgage loan for say 5 years. Your £100k will reduce in value due to inflation but not as much as what you loose if you have to pay £500 interest a month on the £100k debt.

Sean, if you're thinking of an offset mortgage with the mortgage and savings with the same bank and you're worried about the FSCS limit on your savings, then if the lender goes bust, you'll have more things to worry about with your mortgage than the savings. Big banks don't go bust in the UK; the treasury bails them out as they did in 2008. Besides, joint is joint. You should always have a joint mortgage with your partner anyway, and any savings should also be joint to allow transfer on death etc., without probate. I am not a financial adviser, just a teacher of such people, so these views are my own.

@@PaulArcher cheers! Great video and formation! Very informative!

@@PaulArcher The banks also passed the recent regulatory capital test with flying colours, including the ring fenced banks that were tested for the first time. It is massively unlikely they will go bust. But I would still monitor them - keep and eye on their profits etc. Reduce money down if they hit a wobble and then put back if ok afterwards.