We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Credit Card Bank Transfer on Statement
kpw93
Posts: 6 Forumite
I have a mortgage application going in this week - AIP approved. I have just realised the very first transaction on my 3 months bank statement is a bank transfer from a Credit Card and am now worried this will be viewed dimly by the mortgage company. I don't know why I took it out - it was a 0% offer and I was expecting a pay rise which hadn't gone through payroll in time so I took the offer. I didn't need it and it was paid off in full in January. I have no other debt and no balance on either of my credit cards.
Could this cause a mortgage decline?
Could this cause a mortgage decline?
0
Comments
-
@kpw93 Based on the limited information in your post, it shouldn't be an issue if it's now paid off.
I am a Mortgage Adviser - 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.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards