Wife paying off credit cards

der1

My wife and I are on a combined inccome of £90k. She is on a spouse visa and although earning £40k cannot apply for a mortgage either joint or single.

I have clean credit and have passed credit scoring for a £150k mortgage. We have 20% deposit. Next stages to fill in the paperwork.

I have credit cards with a balance of £8k which I declared will be paid off. Can my wife submit a letter of declaration stating that she will cover the payments and is there a likelihood that it will be accepted by the mortgage company?

My wife has no debt and takes home around £2400 a month which we put directly into savings.

I am asking because I loaned some money to a friend and it seems there will be a delay paying it back.

Thrugelmir

der1 wrote: »

Can my wife submit a letter of declaration stating that she will cover the payments and is there a likelihood that it will be accepted by the mortgage company?

If this was the case then she's be accepted on the mortgage application. As for all intents and purposes would have same effect.

Be a good idea to repay your credit card debt.