Moving mortgage to credit card debt

Debtdescendee

The mortgage rate is per annum but the credit card is over a longer period and means that comparable rate is 2%

kimwp

Debtdescendee said:

The mortgage rate is per annum but the credit card is over a longer period and means that comparable rate is 2%

The comparable rate is 2% if you pay off the 20k credit card debt in 18 months (according to the numbers you have supplied). Will you be able to do that or will it take longer and you risk credit card standard variable rates?

enthusiasticsaver

I think there are a few pitfalls. You will need money transfer cards as you cannot use a credit card to pay your mortgage. Is there an ERC? If for any reason you cannot pay off the amount within the interest free period you will have another transfer fee which may wipe out any gain. 

Personally I would focus on either paying off the remaining £25k unsecured debts before the deals run out or if you are easily able to pay it within the time period overpay the mortgage.