The UK Financial Services Compensation Scheme (FSCS) covers up to £75000 per person per bank entity.
If one owes the same bank money in the form of a debt or a mortgage, would this affect the limit?
For example, if one was lucky enough to have £95000 (if only!) in the savings account, but owed the bank £15000, would one then end up with £75000 net (losing £5000) if the bank went under?
I could not see such a case on their details page here.