applied for a mortgage, shall i apply for 0% card?

xyz123

we have applied for a mortgage recently and it has been accepted in principle. subjects to some documents we should get a formal offer next week.

i was thinking of applying for the tesco 0% card. is it a good idea to apply for a credit card so soon after mortgage application?

I am in full time permanent employment and never had any problems with payments. apart from the mortgage dont have any debt. until now i have paid every months credit card bill in full but with savings eaten up by deposit i was thinking fo getting this deal. ta

Gromitt

Even after a formal offer, a mortgage can be refused at draw down stage, so I wouldn't apply for any kind of credit until exchange of contracts is completed, even if your credit history is perfect. It might not make a difference, but can you afford that risk?

DominicJ_2

until exchange of contracts is completed

They can withdraw the mortgage at any point they hand the money over, including between exchange and completion.
I wouldnt do anything till you have the keys.

KingElvis

Only apply for more credit during the mortgage process if you're mad, barking or just plain stupid.

xyz123

thanks for ur replies. i will hold off applying for credit card until completion!