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  • FIRST POST
    • avr.badinsurance
    • By avr.badinsurance 20th Apr 17, 3:39 PM
    • 2Posts
    • 0Thanks
    avr.badinsurance
    Mortgage-free I wish
    • #1
    • 20th Apr 17, 3:39 PM
    Mortgage-free I wish 20th Apr 17 at 3:39 PM
    Anyone used a 0% interest Credit Card to clear small mortgage? How did you go about it?
Page 1
    • zx81
    • By zx81 20th Apr 17, 3:45 PM
    • 13,182 Posts
    • 13,493 Thanks
    zx81
    • #2
    • 20th Apr 17, 3:45 PM
    • #2
    • 20th Apr 17, 3:45 PM
    You'd find out if your mortgage provider accepted credit cards and then take the appropriate action.
    • MallyGirl
    • By MallyGirl 20th Apr 17, 3:47 PM
    • 1,902 Posts
    • 6,345 Thanks
    MallyGirl
    • #3
    • 20th Apr 17, 3:47 PM
    • #3
    • 20th Apr 17, 3:47 PM
    you could do it with a money transfer card
    • avr.badinsurance
    • By avr.badinsurance 20th Apr 17, 3:50 PM
    • 2 Posts
    • 0 Thanks
    avr.badinsurance
    • #4
    • 20th Apr 17, 3:50 PM
    • #4
    • 20th Apr 17, 3:50 PM
    Thanks for quick responses. I'll give Santander a call and see what they recommend. Grudge paying them any more interest on this piddling amount.
    • eskbanker
    • By eskbanker 20th Apr 17, 3:59 PM
    • 5,466 Posts
    • 5,270 Thanks
    eskbanker
    • #5
    • 20th Apr 17, 3:59 PM
    • #5
    • 20th Apr 17, 3:59 PM
    Grudge paying them any more interest on this piddling amount.
    Originally posted by avr.badinsurance
    If it's only a piddling amount then surely you'll only be paying them a small percentage of a piddling amount, which, by my calculations, would be a very piddling amount (but more to the point potentially less than money transfer fees).

    And why bear a grudge against a company that facilitated you being able to own your own property?
    • jonesMUFCforever
    • By jonesMUFCforever 20th Apr 17, 6:39 PM
    • 23,984 Posts
    • 11,293 Thanks
    jonesMUFCforever
    • #6
    • 20th Apr 17, 6:39 PM
    • #6
    • 20th Apr 17, 6:39 PM
    Assuming a money transfer fee of 3% (I know some charge less and some charge more) then to save money your mortgage rate needs to be significantly more expensive.(Care if you have to pay a fee if you are on a fixed rate)
    Why not just overpay the mortgage on an ad hoc basis.

    esbanker makes a lot of sense in previous post.
    What goes around - comes around
    give lots and you will always receive lots
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