Is this a sensible way to pay off SL early using a credit card?

j813ys

I have around 5K left to pay and i am aiming to pay it off in 1.5 years, with the interest rates going up this will amount to around £300-400 in interest i think.

Is it sensible to pay off with a credit card, and then get another credit card to do a balance transfer for 2 years at 0%

Seems too simple, is there a downside to this?


Side note - Fixed mortgage rate term expires in 1 year.

silvercar

Only downsides I can see is if you need the money for something else, you won't get it back or if your circumstances change and you wouldn't have needed to pay it.