We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Stoozing a credit card - impact on a mortgage app?
pinklady21
Posts: 870 Forumite
House on market, intending to sell it, or if not, remortgaging at some point this year. Have reasonable amount of savings for large deposit on next house.
Need to finance purchase of a new car. Choice of using savings to pay for it outright, or balance transfer to a longish offer 0% credit card, and pay it off during the offer period. Borrowing around £9000. No other outstanding debts.
What are implications of a new credit card application now with £9k debt for when I put in the new mortgage application, possibly in the next 3 months or so?
Thanks!
Need to finance purchase of a new car. Choice of using savings to pay for it outright, or balance transfer to a longish offer 0% credit card, and pay it off during the offer period. Borrowing around £9000. No other outstanding debts.
What are implications of a new credit card application now with £9k debt for when I put in the new mortgage application, possibly in the next 3 months or so?
Thanks!
0
Comments
-
any debt will impact on affordability, have a look at the calculators available at most mainstream lenders"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards