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repay the following commitment(s) in full within 30 days of completion
luizarios
Posts: 26 Forumite
Just having a second read on the mortgage offer, the Supplementary conditions says:
"You must repay the following commitment(s) in full within 30 days of completion of this mortgage without taking on further borrowing: Name : a) Credit Card/Store card - Balance £471.00"
I'm supposed to be exchanging contract tomorrow or today and completion should be the 15th October, I can stretch the budget to clear the credit card however I'm unsure what's the meaning of within 30 days of completion of this mortgage , does it mean I was supposed to clear it 30 days BEFORE completion or am I ok to clear it today (9 days before completion?).
I am scared there's not enough time to clear it on the credit check so they end up cancelling my mortgage offer, please help.
Thanks
"You must repay the following commitment(s) in full within 30 days of completion of this mortgage without taking on further borrowing: Name : a) Credit Card/Store card - Balance £471.00"
I'm supposed to be exchanging contract tomorrow or today and completion should be the 15th October, I can stretch the budget to clear the credit card however I'm unsure what's the meaning of within 30 days of completion of this mortgage , does it mean I was supposed to clear it 30 days BEFORE completion or am I ok to clear it today (9 days before completion?).
I am scared there's not enough time to clear it on the credit check so they end up cancelling my mortgage offer, please help.
Thanks
0
Comments
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Upto thirty days after your house purchase completes.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
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