How to raise house buy shortfall

pogostick

Hi

My husband and I (I am NOT the queen) are about to sell our house and buy another. We are unable to secure a mortgage - have just been turned down by First Direct as my husbands employment is a new position and he is still in a probationary period and I am in the same position.

We were aiming to raise a 25,000 mortgage which would leave us some buffer savings in the bank. My grand scheme now is to raise the 10,000 shortfall which is what we will need to make the new purchase by taking out a couple of credit cards with a 0% rate. But how does one do this? We have done this before when putting in new double glazing by using Virgin CC cheques - but what if the card does not do the blank cheque scheme? Do we ask the company to transfer the money in to our account?

What are your thoughts on this - other than I am naive to think I can easily sell my house and buy the exact one that I want in this climate!

Warmest regards

Lillibet

CannyJock

Only cards that offer the option to transfer funds directly to your current account would do this - there's a list of them here http://www.stoozing.com/sbt.php

If you apply and are successful, then you phone them when you activate the card and request the transfer to your bank account giving them the sort code and account number.

If you still have the Virgin card, worth phoning them to ask if they have any 0% offers showing on your account at the moment.

nzseries1

pogostick wrote: »

(I am NOT the queen)

Didn't say you were? :think: