1 year left on Mortgage after 3 year discount ends

Arrodlad

What is the best option if you have 1 year left on a 4 year mortgage after a 3 year discount comes to an end. The amount owing will be around £8K. Should I look for another mortgage deal with another lender (arrangement fees !!!) or pay the SVR with the existing lender. I am also looking at the possibility of paying the balance with an existing credit card cheque (if this is possible) then transferring this to another credit card on 0% int free. Would this be a good idea ?

Incisor

Look at the difference in rates between a deal and the SVR, applied to a debt of £8000. I doubt it will be enough to cover any fees. If you can pull it off to transfer to a 0% credit card, then it may be worth while, but you could end up with more grief if you can't pay it off than if you stayed with a mortgage.