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mortgage deposit advice

hi there,
First of all i would like to thank you all in advance for continuos support via this forum. Here is my query

I am planning to buy a house in 2, 3 months time.
now i am saving the deposit bits by bits but the query is
once bank grant me mortgage (i.e mortgage promise),
*can i do balance transfer to my current account from 0% credit card to sum up my 10%deposit and pay to bank?
*will the decision later can change or have effect on my mortgage process?

Looking forward to hear from you soon
thanking you in anticipation.

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    What you are proposing to do may well have a negative impact on your application.

    Rather than rush your application. Why not focus on saving for a few more months.
  • amnblog
    amnblog Posts: 12,733 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You can't do this, nor should you.

    Crazy idea.
    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.
  • I mean to say that once bank finalised mortgage deal been done then can't i get some amount from my credit card?
    LOoking for the answer from you all and from those who have been through this.

    many thanks
  • Landofwood
    Landofwood Posts: 765 Forumite
    kalechor wrote: »
    I mean to say that once bank finalised mortgage deal been done then can't i get some amount from my credit card?
    LOoking for the answer from you all and from those who have been through this.

    many thanks

    The problem is you need to declare the source of your mortgage when you apply. If you say credit card they will reject you.

    If you say anything other than credit card you are fraudulently obtaining what will likely be the biggest loan of your life.
  • Thank you for the prompt reply !!!
  • Landofwood
    Landofwood Posts: 765 Forumite
    kalechor wrote: »
    Thank you for the prompt reply !!!

    No worries, all the best with your house purchase.
  • WattoS84
    WattoS84 Posts: 13 Forumite
    My other half and I were considering this, glad we read this first. thanks.

    Shelly
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