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What's the lowest you'd bother with an offset mortgage with?

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Just doing some reading on my dinner break & if i understood properly, i just wondered, what's the lowest amount of savings you'd bother with an O.M. with?

To make the question personal to myself...

Our budget is 150k (we're considering increasing, but 150k for now).
We'll have 48k-50k to put down
We're looking at monthly repayments of no more than £500.
We're looking at fixing for as long as possible.

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