Reply To: Curve and mortgage applications

[JDB]

sturgeon wrote:

Thanks all for some very insightful responses. I hadn’t even contemplated credit reports and the large balances. I was primarily concerned with lenders looking at my bank statements and wondering how I’m affording a £10k monthly Barclaycard spend which would appear beyond my means. This coupled with the balances showing on a credit report (even if I paid the balance immediately) is also a concern. Basically I’ll hold off as I anticipate purchasing a new home and remortgaging this year, and will hope this is even an avenue still available once that’s all sorted.

That seems sensible as, for a mortgage application, the credit report is an important but rather small part of the detailed automated and human analysis of your finances that will be undertaken and anything that raises questions is unhelpful.