We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. 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!
Can I use credit card whilst waiting for my mortgage ?
thomson_adam
Posts: 65 Forumite
Hello guys
I am currently in the middle of a house purchase ( mortgage been accepted ) I haven't exchanged yet. I have just had a higher than expected vat bill and was wondering if I could put some of it on my credit card? Or will this effect the mortgage. I'm currently debt free other than my buy to let
I'm worried if I do use it before ive got the house I will have the mortgage taken away from me
I am currently in the middle of a house purchase ( mortgage been accepted ) I haven't exchanged yet. I have just had a higher than expected vat bill and was wondering if I could put some of it on my credit card? Or will this effect the mortgage. I'm currently debt free other than my buy to let
I'm worried if I do use it before ive got the house I will have the mortgage taken away from me
0
Comments
-
Ideally dont do anything with your card that you wouldnt normally do.
lenders can audit or recredit check any time they see fit, so while its unlikely to be an issue it could be.
Not worth the risk if you ask me.I am a Mortgage Adviser
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.0 -
If you have to pay VAT bills with a credit card your business is out of control financially. Do not make this apparent to your lender.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards