Remortgage for 2 yrs or an 18 month loan

SunnySunday399

One 1 of 2 of my mortgages expires in Aug24 with 18 months on it.

Nationwide will offer me a 2 year fixed rate, or I could let it fall onto the 7.99% standard rate.

Come August, there will be £10.5 left on it.

I'm considering moving the remainder onto a loan which have rates of 5.9-6.2%.

Does anyone have any advice and once i have the loan, is there an option to transfer the balance onto a 0% credit card, paying a chunk off monthly as I would a loan or a mortgage?

Sorry never had a loan or done a balance transfer on a cc, so don't know how hard this would be to arrange.

Brie

The only way to clear a loan with a credit card is to get a money transfer to your bank and then pay from there.  You'll also have to pay a fee for the transfer - I think 5% is common currently.  

What's the 2 year fix likely to be?  

born_again

How sure do you feel you would get a 0% card with a limit that high?

SunnySunday399

Thanks, the 2yr fixed was at 4.89% but I believe this has now gone up. I'm due to have a call with the bank again and wanted to consider multiple options before i do. Thank you

SunnySunday399

Should add, there is a £999 fee.

pogg000

And what  is the rate without a fee?

SunnySunday399

The fee without a fee is 5.09%. There calculation has this at a cost of £562.34 for the term of 2 years, so I'm now assuming this might be my best option.

Ref loans. I don't know how easy this would be. We don't have (or ever have had) any outstanding debt and believe mine and my partners credit rating is very good.