Help with a Calculation Please

hello All,

Please could someone help me with a calculation to help me decide if this is worth going for or not.

Have a Flexible current account mortgage for circa [email protected] 6.5%

Have a halifax credit card with credit limit of 10k and they have offered me a 0% deal for 5 months with a 3% handling fee.

So, if I get 7k on the card, I will pay a £210 fee.

Will then deposit the cash in my savings account which will offset my mortage by 7k for 5 months.

How do I calculate the saving in interest on my mortage Vs the 210 handling charge to see if it is a good deal?



This discussion has been closed.
Latest MSE News and Guides