We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
A sort of stoozing idea, with a flexible mortgage?
Options
Mark300zx
Posts: 193 Forumite
Scuse the noobie question, it has probably been asked before!
I can take 40k extra out on my flexible mortgage, on which I pay less than 1/% interest.
If I put it in a 3.15% savings account then I presume I can get 2% for nothing, or have I missed something?
I can take 40k extra out on my flexible mortgage, on which I pay less than 1/% interest.
If I put it in a 3.15% savings account then I presume I can get 2% for nothing, or have I missed something?
0
Comments
-
income tax on interest?0
-
...and an increase in monthly mortgage payment (though this may be deferred if you're on annual, rather than ongoing, assessment).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards