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Outstanding credit card balance for mortgage application
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dh_mcr
Posts: 39 Forumite
Hopefully a simple question. On a mortgage application, where it asks for the outstanding balance on a credit card, do I give the current balance, even if I pay it off in full, every month?
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I would tkae the outstanding balance to be the amount left unpaid after the last payment to the card.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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Show the current balance and tick the box which indicates "to be repaid on or before completion" so the lender disregards the cost of the card in its affordability checks.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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