Barclays Mortgage conditions

whatnext18

hello


I have got the mortgage offer from barclays and there is a condition in the pack saying


I must repay the 2 credit card balances (from May by the figures) within30 days of completion without taking on further borrowing.


From what I can find from posts from years ago, it is a common clause but I need to check what happens if I have used my card since May? Does that count as taking on further borrowing?

There is no way I could have know that this condition exists prior to offer date, which helpfully is 1 day before the statement day of this month so there is going to be different balance this month (I paid off all balances each month)



Am I worrying over nothing again?


Thanks

DonPatch

It just means don't borrow from another source (credit card, loan) to repay those cards.

No need to worry yourself.

I think it's just an affordabilty issue for their calculations. But you could pay them off and then spend on it again the next month as nothing to stop you,, so it seems a bit of a pointless clause.

amnblog

Its a condition on the offer as you will have stated on the application they would be repaid.

Barclays have no way of monitoring this.

whatnext18

DonPatch wrote: »

It just means don't borrow from another source (credit card, loan) to repay those cards.

No need to worry yourself.

I think it's just an affordabilty issue for their calculations. But you could pay them off and then spend on it again the next month as nothing to stop you,, so it seems a bit of a pointless clause.

amnblog wrote: »

Its a condition on the offer as you will have stated on the application they would be repaid.

Barclays have no way of monitoring this.

Thank you both.


I had to check because I only use these cards to build up a credit file and I have a barclays card for overseas transactions when I travel etc. It's not that I need to use credit at all but I just like to be certain.