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Would it be stupid....
Judbut
Posts: 10 Forumite
to take advantage of an interest free money transfer from credit card during house purchase process?
Essentially, we have a confirmed mortgage offer, all signed off, but are not due to complete until 5th August. My credit card are offering a 9 month interest free money transfer until end of July. It would be useful to have the cash for some stuff we would need for he house. Would taking advantage of that jeopardise our mortgage offer? Is it worth asking the mortgage provider?
Cheers
Essentially, we have a confirmed mortgage offer, all signed off, but are not due to complete until 5th August. My credit card are offering a 9 month interest free money transfer until end of July. It would be useful to have the cash for some stuff we would need for he house. Would taking advantage of that jeopardise our mortgage offer? Is it worth asking the mortgage provider?
Cheers
0
Comments
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It would be extremely stupid yes.
Unless your borrowing £25k over 20 years and your income is £20k plus. Its not worth risking losing the house is it.I am a Mortgage AdviserYou 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.0
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