Next steps to remortgaging!

bestrate

Hi,
I have had my mortgage for over 7 years as Interest only and I am now looking at re-mortgaging at the best rate and for repayment only.- as I want to be mortgage-free wannabee!!
I initially put down a 25% deposit at the time and the value of my property has already tripled- given the location in London, and I would like the best advice.
I have been offered a number of 0% for 18m-24ms credit cards which include cash transfers.
So I would like to know is it best I maximise the amount on these cards at 0% and pay the cash proceeds towards repaying mortgage? – as my fixed period with my lender ended 3 years ago so I have no constraints.
Then I can apply to re-mortgage at a better rate as I will be at the 40%-60% LVR.
I have been offered to purchase a second property with my boyfriend- as ‘tenants in common’ we do have a Declaration of Trust in place. and looking at the cash-back mortgages as well in case i need a higher deposit and pay for stamp duty.
I would like advice as to what are the best steps to have in place prior to re-mortgaging.
Things that have changed since I first purchased my property:
· I earn double my salary as I did 7 years ago
· My flat is worth 3x more than what it was purchased for
· I have enough savings and have a good credit rating
Your advice is much appreciated

rockabelle

If your property's gone up 3 fold already, then surely your equity is well above the 60% LTV? As such, I wouldn't borrow on a credit card (not least because it may affect your credit rating for remortgaging)