Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • ExplorerSG
    • By ExplorerSG 5th Jan 18, 1:35 PM
    • 4Posts
    • 0Thanks
    ExplorerSG
    Balance Transfer affect Mortgage Application
    • #1
    • 5th Jan 18, 1:35 PM
    Balance Transfer affect Mortgage Application 5th Jan 18 at 1:35 PM
    Hi


    I am in the process of applying for a mortgage, however I have received an email from Barclaycard regarding a 0% offer on a credit card I already have. If moved some existing debt from another card on to this would it affect the mortgage application in anyway.


    Thanks
Page 1
    • Thrugelmir
    • By Thrugelmir 5th Jan 18, 1:49 PM
    • 56,780 Posts
    • 50,152 Thanks
    Thrugelmir
    • #2
    • 5th Jan 18, 1:49 PM
    • #2
    • 5th Jan 18, 1:49 PM
    Potentially. Much depends on the overall mortgage application. Lenders have visibility of BT's. Along with your other historical debt levels.
    “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble”
    ― Warren Buffett
    • BoGoF
    • By BoGoF 5th Jan 18, 2:13 PM
    • 2,854 Posts
    • 2,101 Thanks
    BoGoF
    • #3
    • 5th Jan 18, 2:13 PM
    • #3
    • 5th Jan 18, 2:13 PM
    Wait till your mortgage has completed. I get monthly communications from Barclaycard offering 0% so chances are it will still be on offer.

    Its not worth the risk just now
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

34Posts Today

4,174Users online

Martin's Twitter