Mortgage and borrowing

Onewayup

This is a bit long winded but here goes so as of April my final default cleared from my credit file opening the doors to me getting a mortgage so I went for it and I'm due to complete on the 29/06/2018. Now I'm finally in a position to get a much lower interest loan off my bank and I can consolidate some high interest debt saving me over £430 per month and have money spare to aid my house move and furnishings. My concern is that although I complete on the 29th I won't collect my keys until 12/07/2018. I'm desperate to pay the high interest stuff off and save money would I be safe to apply for my loan now or would waiting be the best option

Noobie2011

Onewayup wrote: »

This is a bit long winded but here goes so as of April my final default cleared from my credit file opening the doors to me getting a mortgage so I went for it and I'm due to complete on the 29/06/2018. Now I'm finally in a position to get a much lower interest loan off my bank and I can consolidate some high interest debt saving me over £430 per month and have money spare to aid my house move and furnishings. My concern is that although I complete on the 29th I won't collect my keys until 12/07/2018. I'm desperate to pay the high interest stuff off and save money would I be safe to apply for my loan now or would waiting be the best option

If you have come this far then a couple of weeks will not make much difference to be honest so not worth the risk really. However saying that once completion has gone through then you officially own the house and your lender has transferred the funds which is the important bit. So unless someone knows better then whenever you pick the keys up makes no difference

Onewayup

Thankyou for the reply