Credit card stoozing to pay mortgage

Hi All

I have just got a credit card with a £12k limit. I have a mortgage of £520 a month but i currently overpay an additional £300 on top, so £820. I was just looking at my credit card and it is 0% on money transfers for 12 months, just a 3% initial fee. My thinking is this...Transfer say £5000 to my account (£150 fee) then pay the £5000 off my mortgage whilst still overpaying as before, and slowly pay the credit card down over the 12 months. Surely taking 5K off the mortgage should lower interest as it is calculated daily? What are everyones thoughts on this? Ive just received a promotion at work so we want to use this opportunity to build up equity. thanks


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