The Times, Ask The Expert, Money Section.

Our MD Adrian Anderson is the go-to "Ask the Expert- Mortgage Guru" for The Times , Money section, providing valuable insights into readers' most pressing mortgage questions.

A recent question was: Q. We have inherited quite a large six-figure sum from my wife’s father and are unsure yet what we will use it for. We do not want to pay off the mortgage but also don’t want to invest it in case we need it in the near future. We are coming up to remortgage at the beginning of next year and wondered if an offset mortgage might be a good option. Is this recommended in the current interest rate environment?

Adrian says, An offset mortgage essentially links a savings account to your mortgage, typically with the same lender. Instead of earning interest on your savings, the money is set against your mortgage balance.

"It’s important to consider the size of your mortgage and your savings balance. As an offset mortgage rate is higher than other types of mortgage, you usually need to offset quite a large amount of savings to be better off."

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