Credit card for mortgage

NickX

It would appear that people have succeeded in making mortgage payments on their Credit Cards recently, so I suspect you may be able to do this. However the only way to be sure is to ask the provider.

Nix1982

can you balance transfer to your bank account

cifpower

Nix1982 wrote: »

can you balance transfer to your bank account

With a Super Balance Transfer card like any MBNA card, Post Office or Egg Money

Nix1982

can you not do it with a virgin card?

thebyp

Any MBNA or Egg based card will allow you to balance transfer into your current account.

Richard019

Nix1982 wrote: »

no i havent even tried for 1 as of yet, but ive been offered me mum and dads other house for 40k - but want to get 50k so i can spend 10k on it - and just say im buying it for 50k, an when the money gets transfered to me mum an dad they give me 10k

I don't think you need to tell them you're paying 50k for it. I think if you tell them you're buying it for 40k but want 10k for improvements they'll be fine with it, so long as the house is worth that. If it's not worth that then they won't give you 50k either way.

There's probably another forum you should post this on as well (I can't think which off the top of my head but mortgages and tax seem likely). I don't know what it's valued at but even £50k seems really low these days, I'm not convinced that it's entirely legit for them to sell you the house too far below valuation. (It might just be inheritance tax if they die within 7 years that's in my mind but it's worth checking first)

Nix1982

thebyp wrote: »

Any MBNA or Egg based card will allow you to balance transfer into your current account.

so a virgin card then

NickX

Nix1982 wrote: »

so a virgin card then

Yes Virgin is an MBNA branded product, so does have the SBT (Super Balance Transfer) facility.

ICan'tStandIt

When I bought for the first time, my solicitor asked for proof of deposit and I had to send him a bank statement for the account I had the deposit money in.

Therefore you would probably need to be able to provide something like this pretty early on.

Nix1982

if so, i could just SBT in to my account