Credit Checks Before Exchange and Complete 29 May 2021 at 7:59AM in Mortgages & endowments 3 replies 313 views

Conan1Sett

I have had my mortgage offer from Santander and I am waiting to Exchange and Complete. 
Obviously there was the initial credit check after which I was approved but since then I have accumulated £2600 in credit card debt. This was because of some disastrous unforeseen circumstances. How likely is it that this will scupper everything and I fail to complete? 

[Deleted User]

It depends on whether further checks will be done and how marginal your case is.

Do you not have any spare funds at all to clear it?

Conan1Sett

Deleted_User said:

It depends on whether further checks will be done and how marginal your case is.

Do you not have any spare funds at all to clear it?

No I don't.
I've been unfortunate. By now I would've been patiently waiting to complete but I've relied on CCs mightily just to get by recently. 

Capri84

A good chance to pull out if it’s going to stretch you perhaps?