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First time buyer

Hi

I’m running through my finances on the mortgage calculator and it asks for information about monthly commitments including credit cards. Now I don’t have a large credit card debt as I just spend on it and pay in full at the end of the month. This leaves no balance left for that month that’s due on it.

Do I still need to put this down because it reduces the amount offered by a long way. It’s just daily spending I put on it and pay it off before due date.

Thank you
Mortgage free wannabe 

Actual mortgage stating amount £75,150

Overpayment paused to pay off cc 

Starting balance £66,565.45

Current balance £58,108

Cc around 8k. 

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    No, because it's just a payment mechanism. Your spend would be accounted for elsewhere - eg food, petrol, whatever.
  • Sncjw
    Sncjw Posts: 3,567 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    It’s just on the rough calculator
    Mortgage free wannabe 

    Actual mortgage stating amount £75,150

    Overpayment paused to pay off cc 

    Starting balance £66,565.45

    Current balance £58,108

    Cc around 8k. 

This discussion has been closed.
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