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  • FIRST POST
    • ExplorerSG
    • By ExplorerSG 5th Jan 18, 1:35 PM
    • 4Posts
    • 0Thanks
    ExplorerSG
    Balance Transfer affect Mortgage Application
    • #1
    • 5th Jan 18, 1:35 PM
    Balance Transfer affect Mortgage Application 5th Jan 18 at 1:35 PM
    Hi


    I am in the process of applying for a mortgage, however I have received an email from Barclaycard regarding a 0% offer on a credit card I already have. If moved some existing debt from another card on to this would it affect the mortgage application in anyway.


    Thanks
Page 1
    • Thrugelmir
    • By Thrugelmir 5th Jan 18, 1:49 PM
    • 58,925 Posts
    • 52,250 Thanks
    Thrugelmir
    • #2
    • 5th Jan 18, 1:49 PM
    • #2
    • 5th Jan 18, 1:49 PM
    Potentially. Much depends on the overall mortgage application. Lenders have visibility of BT's. Along with your other historical debt levels.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • BoGoF
    • By BoGoF 5th Jan 18, 2:13 PM
    • 3,205 Posts
    • 2,523 Thanks
    BoGoF
    • #3
    • 5th Jan 18, 2:13 PM
    • #3
    • 5th Jan 18, 2:13 PM
    Wait till your mortgage has completed. I get monthly communications from Barclaycard offering 0% so chances are it will still be on offer.

    Its not worth the risk just now
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