We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Mortgage Reserve Account - Loan
Options
Missprimmy
Posts: 2 Newbie
in Loans
I need to borrow £5000.00 to pay off a charge against my property. Would it be a good idea to use my mortgage reserve account to access the funds? My mortgage has a 0.99% interest rate & 14 years remaining.
Thanks for any help or advise :undecided
Thanks for any help or advise :undecided
0
Comments
-
Assuming the charge has a higher rate than your mortgage, then yes.0
-
If you can borrow at 0.99% then write a cheque for as much as you can and put it in a standard savings account!"Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards