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Principality - Credit card debt
Wozza85
Posts: 128 Forumite
We went through a mortgage app with principality via L&C and principality asked for 2 CC'S to be cleared from the funds of the house sale before going to next house. But we just signed and are exchanging, with these yet to be paid off. When and how will they need to see this cleared if we move in and the mortgage is under way?
We didn't mind paying it using the money but would ideally have liked that money to do household stuff.
We didn't mind paying it using the money but would ideally have liked that money to do household stuff.
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Comments
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This is the question for you to ask from London and Country, who are the brokers of yours.1
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9 times out of 10 a lender won't ask to see confirmation that the cards have been repaid. However the solicitors acting may ask for confirmation that they have been repaid before you complete, as this is a condition of the mortgage offer.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.0 -
We didn't mind paying it using the money but would ideally have liked that money to do household stuff.
Just clear them with the money from the house sale....if you want to do household stuff then spend on the credit cards, or wait and save up for the stuff. You wouldnt of done anything wrong.0 -
9 times out of 10 a lender won't ask to see confirmation that the cards have been repaid. However the solicitors acting may ask for confirmation that they have been repaid before you complete, as this is a condition of the mortgage offer.
Ok, we do plan to pay it just wondered how it works0
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