Credit card / mortgage

[bunhead34]

So, my husband and I are about to start looking to buy a house.
I have a credit card that he doesn't know how much is on. He is very good with money and also earns ALOT more than me.
I use the credit card for things I don't want him moaning about as all of my wages go into the joint account. i.e hairdressers and Xmas presents etc. (It's under control - not 'problem' dept at all)
I have told him there is £800 on the card, but actually it's more like £2.5k 🙈

When we go through the process of applying for the mortgage will he find out the real amount of debt??
And will it affect the mortgage application?

You will need to tell them how much is on the card when you apply for the mortgage yes. When we applied for ours we had to tell the bank or mortgage advisor how much money we had on loans, credit cards, store cards and provide bank statements.
If that's the only debt you have, and you aren't trying to get a mortgage that is going to over stretch you then it shouldn't affect the mortgage application I wouldn't think. But it's probably best to tell your husband now rather than in the bank or mortgage advisors!

You’ll definitely need to tell him and as PP said it shouldn’t affect you too much as long as it’s not a tight mortgage anyway.

Good luck

If you take control of doing the application eg if it is online then DH never needs to know.
If you go into a broker or bank together he will find out.
That amount shouldn't impact on what you can borrow too much.

I think you need to tell him. And you need to come up with a fairer system. It’s not ok if all your wages go into the joint account and so you have to do “secret” debt to manage this. There needs to be a more balanced approach.

You will have to disclose to the bank but more importantly before you commit to a mortgage you need to ensure your relationship is financially healthy

Jesus Christ why would you live like this?

Either you can afford these things, so you can pay them out of your earnings/joint family money - or you can’t and you don’t put them on a credit card.

Don't lie to him.

Why would he care if you got your hair cut or bought gifts?

If you are accruing the balance each month are tour payments only going towards the interest? Can you pay off more and stop spending on it.

If the balance is not being cleared every month
it is NOT under control
you need to come clean and sort out your family finances so that there is no hidden borrowing

Sounds like you need to sort out the way you manage and share money, and I wouldn't be buying a house until you have done this.

Do you both get equal spending money? As long as you have enough money to pay the bills, save for the future, pensions, cover annual and irregular expenses and DC expenses if you have any, then you both need some spending money to spend as you wish with no judgement from the other.

As long as your hairdressing is affordable from your spending money, then it is non of his business how much it costs. Who are the presents for? If they are for joint DC or close relatives from an agreed budget, then they're a joint expense, not your personal expenditure.