We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
When house buying at what stage is best to then apply for credit card?
sterl1ng
Posts: 609 Forumite
I'm thinking to help with furnishings I'll get 0% card to pay but not sure when I can apply. Is that after completion or can I o during exchange?
0
Comments
-
After completion.0
-
I wouldn't risk it until after completion.0
-
If you applied after completion, would you give your present address or new address? e.g. would an application straight after a change of address effect the decision or credit limit.0
-
If you have a mortgage, you will most likely fail a credit check for a card...all those checks by them will have dinged your credit rating and you also dont exist on the local voting register either.
Do without a card for now. Go to freegle, second hand, age concern, charities, friends etc. Its just temporary - by 6 months your credit rating will probably have recovered a bit and you can think about it then.Debt Free! Long road, but we did it
Meet my best friend : YNAB (you need a budget)
My other best friend is a filofax.
Do or do not, there is no try....Yoda.
[/COLOR]0 -
When I was a FTB I applied for a 0% card at my rental house AFTER completion (it arrived during the overlap before I move out).
The credit limit was a lot lower than expected due to the volume of house buying credit searches, but i did get one.0 -
The worry isnt that you wont get a credit card, its that the mortgage will be pulled.
Until completion, that is, until your solicitor sends your deposit and the banks loan up the chain, the bank can back out.
I moved in to my house with the contents of my bedroom and a second hand sofa.0 -
Go with what a sensible person above said - freecycle, save up, charity shop, god forbid - even make some stuff!
Do not go getting credit. you dont know how hard it is going to be paying a mortgage and bills before then having to worry about the CC bills.
it is too risky regards credit searches now too. some lenders (most now) have access to credit reports almost all the time, i.e they are "live" and linked on the system, so you may show as having just got a CC...
how would you feel if you got your card, and the lender pulled your mortgage???0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards