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Using CC between exchange and completion?
rhionm
Posts: 246 Forumite
Were hoping to exchange on a property on Monday and then complete on the Friday, we need to buy some stuff for the new house using a credit card, would there be a problem doing this between exchange and completion? Are Nationwide likely to carry out another credit check before releasing the funds?
Were moving into the house on the same day as completion so will need a lot of items beforehand!
Thanks
Were moving into the house on the same day as completion so will need a lot of items beforehand!
Thanks
0
Comments
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I personally would not spend on my credit card until the day after the completion date0
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rhionm/Essex22011,
I'm a bit confused by your discussion. Isn't it that 'not paying off in full' or a default on the credit card that matters to the mortgage provider?
Surely, if I'm using a credit card and then paying off in full, then whatever may be the amount of spending should not be a problem.
Any experts able to help here?
Regards,
S12.71kW PV system - 33 panels of JA solar JAM60S20-385/MR facing S-E(18) / N-W (15) with Growatt SPH-6000 and Growatt MIN 6000TL-X inverters, 4 ML33RTA 3.3kWh batteries, Shinephone monitor app and Solar iBoost+. All in the historic, grand old city of Milton Keynes.
3.84kW PV system - 16 panels of Sharp ND-R240A2 facing SE with SMA 4000TL inverter, Geo II monitor and Solar iBoost. All in the historic, grand old city of Milton Keynes.0 -
USING a credit card is fine.
APPLYING for a new one between application and completion is the no-no.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 -
kingstreet wrote: »USING a credit card is fine.
APPLYING for a new one between application and completion is the no-no.
Thanks Kingstreet. That was my understanding as well.12.71kW PV system - 33 panels of JA solar JAM60S20-385/MR facing S-E(18) / N-W (15) with Growatt SPH-6000 and Growatt MIN 6000TL-X inverters, 4 ML33RTA 3.3kWh batteries, Shinephone monitor app and Solar iBoost+. All in the historic, grand old city of Milton Keynes.
3.84kW PV system - 16 panels of Sharp ND-R240A2 facing SE with SMA 4000TL inverter, Geo II monitor and Solar iBoost. All in the historic, grand old city of Milton Keynes.0
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