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Mortgage Reserve Account - Loan
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
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Assuming the charge has a higher rate than your mortgage, then yes.0
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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
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