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Offset Mortgages and stoozing
c_fol
Posts: 13 Forumite
Hi,
just after a bit of advice on offset mortgages. Our current mortgage is coming to the end of the initial 2 yr deal - I'm currently looking at offset mortgages for our re-mortgage. I just wondered if anyone had taken advantage of cash available from 0% credit cards - transfering the balance into their offset account for the duration of the 0% deal, in order to save on interest payments..?
Looks like this could be a moneysaver, even including the balance transfer charge - is there anything I'm missing here?
Any advice welomed.
Regards,
cfol
just after a bit of advice on offset mortgages. Our current mortgage is coming to the end of the initial 2 yr deal - I'm currently looking at offset mortgages for our re-mortgage. I just wondered if anyone had taken advantage of cash available from 0% credit cards - transfering the balance into their offset account for the duration of the 0% deal, in order to save on interest payments..?
Looks like this could be a moneysaver, even including the balance transfer charge - is there anything I'm missing here?
Any advice welomed.
Regards,
cfol
0
Comments
-
Hi,
just after a bit of advice on offset mortgages. Our current mortgage is coming to the end of the initial 2 yr deal - I'm currently looking at offset mortgages for our re-mortgage. I just wondered if anyone had taken advantage of cash available from 0% credit cards - transfering the balance into their offset account for the duration of the 0% deal, in order to save on interest payments..?
Looks like this could be a moneysaver, even including the balance transfer charge - is there anything I'm missing here?
Any advice welomed.
Regards,
cfol
Hi, take a look at stoozing.com
Sorry I cant put a link on it.0 -
I've known of people doing this -
suppose you just have to remember when the 0% is running out:rolleyes:0
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