RECOMMENDING credit cards isn’t usually something that we frequently do, but an excellent report by the Motley Fool has come up trumps with a card that betters interest rates offered by the typical mortgage product.
After 319 cards were analysed, the report shows a savvy way to borrow at 4.9% for life!
 
This means that you can borrow the deposit to purchase a buy-to-let property at 4.9% APR using one of these cards, with interest only repayments - just like a buy-to-let mortgage -  when the bill is due. The way to do it is to transfer your debt to a “lifetime balance transfer” card that charges a super-low rate for as long as it takes you to pay off your balance. You then set up a Direct Debit scheme or standing order, which takes out a monthly payment.
 
You should note however that if you make any purchases using this card or use it to withdraw money, the transactions will attract interest at a standard rate.

APPLY FOR CREDIT CARD NOW!

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Posted on: 26th February 2008 @ 17:34:00