Method 11. Combined mortgage

combining bank acct credit card and mortgage

There are various motgage plans where your mortgage is calculated as the amount borrowed less the balance in your current account. This means you are earning mortgage rate on your current account balance. Many offer credit cards where the interest rate is mortgage rate , so it pays to use this type of mortgage to pay of your credit cards an use the new card to do balance tranfers to pay off your old cards (make sure you close the old cards dowwn or lock them away so you arent tempted to run up the balances again.

Notice: When you move broad your UK cards might come in handy for emergences. Remember if you apply for the cards again with a foreigh address you will be declined. If you keep them and change your address no-one will complain so long as you still have a UK acct to make the monthly payments with.

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