Thoughts on full application

reapz69

Hi we are moving house and require a mortgage of 243000, from our house sale we will be clearing lots of the the 0% interest free cards that we used for upgrading the house, upon the sale



We have a buyer on our house all ready to go and have excepted the offer

Bank accounts.

Barclays joint account closed this week.

Tesco "shopping account" no Overdraft. Remaining open.

Natwest Main accounts remaining open.

Loans.

Tesco Bank Loan, balance 21,000, 502 a month to be cleared on or before completion.

Credit Cards.

Halifax credit card, balance 0.00 Cleared and closed this week.

Tesco credit card balance 0.00 Closed this week.

Halifax Card, balance 1114 to be Cleared.

Bank of Scotland, 1287 to be Cleared.

Asda, 1000 to be Cleared.

Hsbc, 6000 to be Cleared.

Barclays, 600 to be Cleared.

Remaining.

Lloyds 2139 Remaining.

Tesco credit card balance 2000 remaining.




Partner


Credit Cards

Lloyds 819 to be cleared

Mbna 4322 to be cleared

Asda 706 remaining


Total unsecured debt to remain on completion will be 4139 for me and 706 for partner a total of 4845



PCP Cars.

car 1 144 a month, 15 months remaining until hand back or buyout.

car 2 385 a month 15 months remaining until hand back or buyout.


Salarys our 48000 and 15500


Will this pass a full application? thanks

ACG

There are a few lenders who won't for 1 of 2 reasons. So you could do with checking who will ignore the debts being cleared and also whether there are any debt to income calculators that you may fall foul of.

You should be able to get a mortgage, just not with every lender.