Should you take up the offer?
Published 19/04/2011 | 05:00
Yes if . . .
-- only a short period left on the mortgage.
-- selling home and paying off mortgage with proceeds of sale.
-- lots of spare cash.
- No if . . .
-- long period left on mortgage.
-- already on lowest tracker rate.
-- have outstanding personal loans or credit card debt which should be paid off first.