I recently put an offer on a house which was accepted. Solicitor has been instructed and searches currently in progress. My mortgage is all set subject to my car finance being paid off before completion. I was hoping to complete in around 3-4 weeks time so hopefully won't be too long now. The mortgage offer will be withdrawn unless I can pay off the finance beforehand. They will still lend to me however it will be for a smaller amount and not enough to cover the house price or any other properties in the area really.
My mum had planned to get a credit card in her name and pay off the finance for me and then I would pay her back each month over the next couple of years. The balance is around £4,600.
I've just phoned the finance company up now to enquire about something, mentioned that I'd be paying the settlement figure within the next week or so and they've just told me they will not accept credit card payments!!! It has to be direct funds ffs!! I honestly don't know what to do at this point. My mum doesn't have that much in cash and I'm using all my savings to cover the deposit, broker and solicitors fees. I feel so angry at myself that I didn't check beforehand, but equally it doesn't say anything on the paperwork about not being able to pay it off with a credit card.
I've spent weeks trying to sort everything out and jumping through so many hoops to get this mortgage, it's not been easy at all but we finally got there and now this is going to ruin everything! I feel so gutted. I'm not even sure what I want from this thread, just so pissed off and upset.