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On 12/04/2013 09:15 AM, scott wrote:
>> It's news to me that you can *get* a 0% loan, but anyway...
>
> Well it works out at around 1% as they charge you a fee to transfer your
> balance into the card (I found 2% fee for 2 years interest free, or 1%
> fee for 1 year). It works because they assume a proportion of people
> won't switch at the end of the period (and then get charged their hefty
> standard rate of 20% or whatever on some huge amount). If you can be
> bothered to research and move around your money every time the offer is
> about to end you can get a pretty good deal long term.
Apparently this is what my sister did to purchase her house...
Then again, my sister is a professional London accountant, and a damned
good one. What can I say?
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