CURRENT ACCOUNT MORTGAGES

I have a 100k mortgage on a fixed rate (5.9). I've looked at these Current Account/ Flexible mortgages. Is the general idea of having one of these, coupled with every 6 months transferring a balance of about 10k between 0% credit card offers, so that I keep the 10K(hopefully increasing) in my current account and therefore offsetting mortgage interest charges a better deal than what I have now?

Also, what are the best mortages of this type on the market?

Reply to
jonfun
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Depends. If you think that interest rates will go up, then a fixed rate deal is probably better.

Reply to
Jonathan Bryce

In message , Jonathan Bryce writes

That will depend on what rate it is fixed at, and for how long of course.

Reply to
john boyle

Reply to
jonfun

They'll go up. The question is by how much.

Reply to
Tom Robinson

"Tom Robinson" wrote

.... or they'll go down. Let's see, eh?

Reply to
Tim

It is possible, but very unlikely.

Reply to
Jonathan Bryce

"Jonathan Bryce" wrote

With the new tracked inflation index currently *below* the BoE's target? "Unlikely" - really?

Reply to
Tim

You ned 20 to 30 percent of the mortgage amount in offset savings to make these pay due to their higher rate

Reply to
henry partridge

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