Help needed for a puzzled mover

BusRider51

I have 2 credit cards that I use monthly with different statement dates so switch between for that reason


I have also had a mortgage offer to replace the one we have now - assuming our sale goes through etc etc


The problem is that we agreed to some works being done to our current house that need to be paid now - as cash


We do not have enough savings to cover this so, as one of the cards has a high credit limit, I would be grateful of some advice...... Do I take another card out and transfer the balance off this card, or to the other - but knowing I will be paying monthly interest until the balance comes down to one I can pay off monthly


The intention would be to use the higher credit limit card to make a payment to my bank account with the expectation that will be paid off in around 4-6 months after we have moved and the new mortgage is in place


Any advice gratefully appreciated

BoGoF

And what happens if the mortgage provider does a final credit check before the mortgage goes through. General wisdom is not to take out new credit so close to a mortgage application/process.

BoGoF

Should have addes that even additional apending on an existing card between application and completion could cause problems.

BusRider51

Thanks


Does it make a difference if the new mortgage is with the same lender and equity is high?

flower77g

Another option is to reduce the sale price if the buyer is happy to pay for the works.