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Credit Card Balances whilst waiting to complete
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Firsttimebuyers
Posts: 161 Forumite
Just after a bit of advice from anyone who may have been in the same position.
We're FTB, and do have a bit of CC Debt which was declared on the application (all 0%) but I also have a card which I use for groceries and clear each month - this wasn't on the application as it's never running a large balance - I just prefer to use it, rather than a debit card, for online grocery shopping.
Depending on the time of the month the CRA are updated, it can appear the card has a balance - will this be an issue if they credit check me on completion? Lender is Natwest.
We're FTB, and do have a bit of CC Debt which was declared on the application (all 0%) but I also have a card which I use for groceries and clear each month - this wasn't on the application as it's never running a large balance - I just prefer to use it, rather than a debit card, for online grocery shopping.
Depending on the time of the month the CRA are updated, it can appear the card has a balance - will this be an issue if they credit check me on completion? Lender is Natwest.
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Comments
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Wouldn't be an issue, especially if when bank statements are supplied the underwriter can see it being repaid in fullI am a Mortgage Broker.
You should note that this site doesn't check my status as a Mortgage Broker, 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 advice0 -
I did think that, and we actually bank with NatWest - I've just been a bit wary about using it as I'd rather not run into problems on completion! - thanks0
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