how on earth will we ever buy a place?!!

when i return to my native UK i intend to use my US credit cards to fund a large downpayment and then get a stated income/lower interest mtg on the balance. fortunately, i have built up very good credit over here with almost $120K in available credit over 6 credit cards and a business line of credit. i am able to immediately liquidate a good $90K (50K UKP) into ready cash, albeit at 19% interest. i'll pay for it, but it will get me a decent home with a 50K downpayment.

when i return to my native UK i intend to use my US credit cards to fund a large downpayment and then get a stated income/lower interest mtg on the balance. fortunately, i have built up very good credit over here with almost $120K in available credit over 6 credit cards and a business line of credit. i am able to immediately liquidate a good $90K (50K UKP) into ready cash, albeit at 19% interest. i'll pay for it, but it will get me a decent home with a 50K downpayment.

will having that level of credit card debt affect your ability to get a mortgage, or the lending rate?

will having that level of credit card debt affect your ability to get a mortgage, or the lending rate?

Our US debt was not taken into account when we applied for our UK mortgage. Because of the two systems being so separate (to the woe of many who lament having to start from scratch to build up a credit rating). I was amazed when our mortgage advisor told us he didn't need any info on our US obilgations. Obviously that meant it was up to us to make sure we didn't overextend ourselves.