What to do

Tearful1

I have a mortgage agreed and am due to exchange contracts in the next week or so. I have a 0% interest for 15months credit card that I got after the mortgage was agreed - ready to put new things we buy for the house on. It has an £11,000 limit on it (what they gave me, haven't reduced it yet). The card has £700 spent on it (sofa). I am now wondering what is best to do - pay off the full amount, pay of the minimum required, reduce the limit? I don't want anything bad to show up on a credit check between exchange and completion (if mortgage companies do that??) and have no idea which is best?

Any advice much appreciated. Thanks

InsideInsurance

If its agreed rather than just agreed in principle then you really shouldnt have any credit risks in connection with this mortgage.

Ignoring the mortgage then you need to look at a much wider picture and what your objectives are - saving money (so maximise the 0% interest) or having the perfect record (so paying off, thinking of closing accounts etc)

liamfahy

You should be ok with regard to the mortgage as if you are ready to exchange then the credit check would have be done a while ago and you should be in receipt of a mortgage offer. Check this to make sure as you need the mortgage offer to exchange contracts. With regard to your credit card I would make sure whatever you spend on it you pay it off before the 0% deal expires.