I feel a idiot going through mortgage application but applied for balance transfer

jimmyboyhugh

Currently going through a mortgage application and NatWest have taken the money for valuation and that but I applied to transfer balance my credit card after this! Now I am worried this going effect the application after speaking to people! Can this affect my application really nervous as a first time buyer ! Please can anyone adivse feel like I have been a idiot!

foxy-stoat

If your transfering one card debt to another card then it shouldnt make any difference. Have you increased your debt?

Assuming you have told the lender of your current unsecured debts already.

AnotherJoe

Not sure what your worry is ? You have, say, 3k on one credit card, instead you'll have the same amount but on another one, presumably with a lower interest rate? Why do you think that would be a problem?

jimmyboyhugh

No not increased my debit just transfered because my last card 0% interest has ended

jimmyboyhugh

Thank you people just people I spoke to saying I shouldn't of done that during my application saying it can look bad ! So I have got myself really worried

jimmyboyhugh

Another Joe it is just cause people I spoke to just at work saying that could affect it but I haven't increased my debt at all just transfered the balance across to enable it to have 0% intrest

megaginge

If no new debt you'll be fine

foxy-stoat

jimmyboyhugh wrote: »

Another Joe it is just cause people I spoke to just at work saying that could affect it but I haven't increased my debt at all just transfered the balance across to enable it to have 0% intrest

Do make sure you cancel the card you have just cleared, so you dont run up any additional debts.

Mallotum_X

are you then closing the old card?

jimmyboyhugh

Yes I will be closing the other card

AnotherJoe

jimmyboyhugh wrote: »

Yes I will be closing the other card

Then no issues.