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Mortgage condition: credit card balance

Hello everyone. A bit of a silly question as I think I know the answer but I just would like to check with you savvy mortgage people... :)

We got an official offer from Nationwide and one of the conditions for them to deliver the money when needed is that our credit card balance should be at £0. (The balance is always settled in full every month)

Surely it doesn't mean that we can't use our credit card anymore, only that we need to make sure the balance keep being repaid every month?

Thanks for your advice :)

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Correct. They want it to be paid off at the time the mortgage starts. You could however carry a balance again after that.
  • Ellie83
    Ellie83 Posts: 525 Forumite
    Correct. They want it to be paid off at the time the mortgage starts. You could however carry a balance again after that.

    Thank you :) I don't want to carry a balance but I just wanted to check I was still allowed to use my card for online shopping purposes :D
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