Does stoozing affect mortgage?

100 Posts


I am on a mortgage and started stoozing
At the end of the current two years term I am planning to apply for another 2 year fixed rate.
Will the stoozing (paying minimum) affect the decision?
At the end of the current two years term I am planning to apply for another 2 year fixed rate.
Will the stoozing (paying minimum) affect the decision?
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Replies
Yes and no. If you're staying with the same lender in most cases it won't make any difference.
If I get rejected, will I have a chance to ask why and answer their question about the credit?
If I get this chance, can I show bank statements of my savings to ensure the lender of my financials? Will this make a difference?
Not sure what to say if they ask me why don't I clear the credit, surely not stoozing
If this is your situation then a quick call to the mortgage centre of your bank/lender should give you a more definitive answer as to whether they will take your credit card balance into account at the time of applying for the deal.