Hi,
My OH and I have been given a mortgage agreement in principle and are looking for a house. My credit card company has offered me a 0% money transfer into a bank account for 12 months. As we are looking to buy a house this would be a cheap way to get money for the little extras we are bound to need for the new house. The only potential problem is that I would then be using 50% of my total credit available and nearly a 95% of the limit on one card. The AIP was for about £100k more than we want, will getting this extra money on my credit card reduce my credit score and impact on the chances of us getting an agreed mortgage?
Many thanks
My OH and I have been given a mortgage agreement in principle and are looking for a house. My credit card company has offered me a 0% money transfer into a bank account for 12 months. As we are looking to buy a house this would be a cheap way to get money for the little extras we are bound to need for the new house. The only potential problem is that I would then be using 50% of my total credit available and nearly a 95% of the limit on one card. The AIP was for about £100k more than we want, will getting this extra money on my credit card reduce my credit score and impact on the chances of us getting an agreed mortgage?
Many thanks