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    • obay
    • By obay 6th Sep 17, 12:31 PM
    • 454Posts
    • 333Thanks
    credit card for house purchase?
    • #1
    • 6th Sep 17, 12:31 PM
    credit card for house purchase? 6th Sep 17 at 12:31 PM
    I found a good house to buy (not so locally) but close enough to warrant a second house purchase, the house is purchasable at £30,000. I have £7500 already so I only really need £22,500 to fund this purchase. (I have £1k for legal also).

    Can anyone tell me what card I should have to be able to fund a house purchase? That the balance doesn't need to be paid off in a month and has a 0% interest period? with the monthly payments low?

    I'm looking to pay back £250-£300/month including interest, hoping someone has anything that can help me with.
    1/12/16 - £152,599.00
    11/11/17 - £145,990.00
    Two Credit agreements to pay off - £13653! (inc interest).
    Sofa (DFS) (0%)£923/£923 - Paid off 7th November!
    Barclays Boiler (18.9%!)£400/£3021.36
    Barclays Car (5.99%)£0/£8,832.37
Page 2
    • Nebulous2
    • By Nebulous2 7th Sep 17, 8:02 AM
    • 1,695 Posts
    • 1,035 Thanks
    Amex don't do cash transfers, even on offer. They certainly won't be offering 0% as they simply do not like cash advances period.

    There is no Amex card with a 0% (or lower interest) cash advance/money transfer offer.

    The best bets are Barclaycard & MBNA for low interest cash advances/money transfers, but no-one will offer the amount you are looking for individually!
    Originally posted by stevenhp1987
    I'd add Virgin to that list. 2 or 3 money transfer cards could do it for many people, but the issues and additional debt highlighted so far make it very unlikely that the op would qualify.
    • phillw
    • By phillw 8th Sep 17, 5:10 PM
    • 1,100 Posts
    • 651 Thanks
    Why do you have £7500 to put towards a house when you have £15k of debt ? Look for a second house when you have no debt and spare cash.
    Originally posted by meer53
    It depends on what interest rate that £15k is. If it's on 0% credit cards then it's not bad to have savings. I'm not overpaying on my mortgage anymore because the rate is so low & instead I am saving

    If he thinks he can get 20k on a 0% then I don't see why he wouldn't have the £15k on 0% too.
    Last edited by phillw; 08-09-2017 at 5:15 PM.
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