BT after submitting mortgage application
in Credit Cards
2 replies 111 views
Please can I have your thoughts on balance transfer? Sorry if this has been asked before.
Have just submitted my application for re-mortgage + have been told it could take 2 months to complete because of current circumstances.
In the meantime, the 0% rate on one credit card will end soon (May) + I want to move the money to another existing card I hold that has a 0% offer.
Will this impact my application? Do I need to inform the bank?
I know it is not wise to get a NEW credit or loan when an application is in progress.
But in this case, I disclosed all cards and all credit card balances on my application so total utilisation (which is quite high) will more or less stay the same - it is just the balance I stated on card A will move to card B.
Thanks in advance
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