Mortgage

Old Oct 27th 2005, 3:36 pm
  #1  
Just Joined
Thread Starter
 
Joined: Sep 2005
Posts: 18
Paular will become famous soon enoughPaular will become famous soon enough
Default Mortgage

When applying for a mortgage and it asks you to for the credit limit on your credit cards do you have to list your uk credit card limit or is it just australian ones.
Paular is offline  
Old Oct 27th 2005, 3:59 pm
  #2  
 
Elaine M's Avatar
 
Joined: Jun 2003
Location: Adelaide
Posts: 597
Elaine M has much to be proud ofElaine M has much to be proud ofElaine M has much to be proud ofElaine M has much to be proud ofElaine M has much to be proud ofElaine M has much to be proud ofElaine M has much to be proud ofElaine M has much to be proud ofElaine M has much to be proud ofElaine M has much to be proud ofElaine M has much to be proud of
Default Re: Mortgage

It's a good question - doesn't specify on the application form I guess?

Be aware that the point of the question is to assess your potential total debt, and the sum of your credit card limits will be deducted from your borrowing capacity by the lender. But it's not worth trying to cover up anything in my opinion, as if they found out you failed to disclose material facts, you could end having big problems.

I didn't need to borrow up to the limit and closed down my highest-limit UK cards to make sure I didn't run into any problems with this.

Elaine M
Elaine M is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.