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House Purchase 'Completed': Credit Card Application?
Lost_Prophet
Posts: 172 Forumite
Morning All,
As of a couple of days ago, I gave the go ahead for our solicitor to 'Complete' our sale and purchase. The move-in date is the 24th June. Our mortgage company (Natwest) noted a month ago that no more searches would be required (not sure on this)
At what point is it recommended to apply for a new credit card? My 0% on purchases deal is expiring in September, but would find it useful to clear the balance, close it down and start a fresh term. Particularly given the complications I have read about applying for new credit after moving house
Regards,
Stephen
As of a couple of days ago, I gave the go ahead for our solicitor to 'Complete' our sale and purchase. The move-in date is the 24th June. Our mortgage company (Natwest) noted a month ago that no more searches would be required (not sure on this)
At what point is it recommended to apply for a new credit card? My 0% on purchases deal is expiring in September, but would find it useful to clear the balance, close it down and start a fresh term. Particularly given the complications I have read about applying for new credit after moving house
Regards,
Stephen
0
Comments
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We are also completing on a purchase next Friday and have been advised not to apply for any new credit before completion but post completion is fine as our lender (Halifax) can do additional checks up to the point of completion. I think any lender can do this and they don't always have to tell you?0
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Just wait for completion!!!
When you complete you still have plenty of time to get a new card before september.0 -
You only have 9 days I would say hold off and just get through the move - its not unusual for lenders to do a pre completion credit searchI 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
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