Credit file search AFTER Completion?

jnewton1234

Hi

I have question about whether any lenders (Specifically barclays) can/do credit check AFTER completion to confirm balances have been cleared?

I received my mortgage offer which was contingent on clearing certain credit card balances "within 30 days of completion".

That implies that you can be credit checked after because you could pay it off say 15 days after completion and how/do they check that?

Of course I will clear them down BEFORE completion, as credit checks can occur till the day of completion, but from a legal perspective once the funds are released by the lender and completion occurs they cant withdraw the mortgage?

I ask because once the mortgage goes through (i.e. after completion) I plan to open a new credit card for Stoozing/Furniture purchases.

Thanks all!

foxy-stoat

If it was a condition then your solicitor may need to see proof that you clear your current balances, as you will do just that you will have nothing to worry about.


If you decide to rake up more debt a month or 2 after purchase with new credit cards, then there is not much the lender can do about it, as long as you can afford it ok then its fine.