Credit Card & Mortgage

msaquib

Hi,

I currently have Co-Op Visa with a balance of £2k.

I want to apply for another credit card and want to balance transfer the 2k over to the new card.

Now I will also be applying for a Mortgage in next 3 months. Do think the new CC application effect my mortgage application?

I do not have any arrears etc, up to date with all my payments and have not applied for any credit for the last 8 months.

Thanks
SM

msaquib

msaquib wrote: »

Hi,

I currently have Co-Op Visa with a balance of £2k.

I want to apply for another credit card and want to balance transfer the 2k over to the new card.

Now I will also be applying for a Mortgage in next 3 months. Do think the new CC application effect my mortgage application?

I do not have any arrears etc, up to date with all my payments and have not applied for any credit for the last 8 months.

Thanks
SM

Any answers to my question above? It would be much appreciated.

Thanks
SM

CLAPTON

Mortgage companies are mainly concerned about things like deposits and your ability to pay the mortgage (i.e your income and your debt commitments).
So simply transferring a debt from one card to another wont make any difference.