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Clear cc debt before completion
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
I'm a first time buyer and just received my mortgage offer from nationwide .
the special conditions state the following
"This offer is issued on the understanding that the following commitments will be repaid
on or before completion of this loan:-
Credit Card with lloyds with an approximate balance of £3,500.
While these debts may be repaid from the proceeds of this loan, they may not be
transferred to any other lender. Your ability to afford this loan has been assessed on
this basis."
This shouldnt be a problem but i have a question about timing. We are not due to complete until early December, can i clear it gradually before then? ideally i want to do it over 2 paycheques. I assume they will just check right before completion
the special conditions state the following
"This offer is issued on the understanding that the following commitments will be repaid
on or before completion of this loan:-
Credit Card with lloyds with an approximate balance of £3,500.
While these debts may be repaid from the proceeds of this loan, they may not be
transferred to any other lender. Your ability to afford this loan has been assessed on
this basis."
This shouldnt be a problem but i have a question about timing. We are not due to complete until early December, can i clear it gradually before then? ideally i want to do it over 2 paycheques. I assume they will just check right before completion
0
Comments
-
Yes. You can do it how you like.
As long as it's done on or before completion.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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