Tuesday, 14 February 2012

Bank visit & my first credit card

Just a quick update, I received the money for the Wii today and tried to transfer it into my ISA (taking my grand total to £7,700) but it would only let me transfer in £50.

So I trudged off to the bank and spoke to someone who said I had used up my allowance due to having to use some of my savings for my travel annual season ticket. So he set me up instead with a monthly fixed saver where £250.00 goes straight into the account, which after 13 payments gives 5% interest almost double my current ISA.

He said I can then set up a new ISA at the start of the new financial tax year, April 6th. He also said to help get a mortgage in 18 months time it would be a good idea to have a credit card as it usually allows you to borrow more, so now I have my first credit card and a direct debit which will goes out on payday to avoid any interest payments.

He also said one of the biggest factors in being given a mortgage is being on the electoral role which I'm pretty sure myself and the BF aren't on. But first things first, I need to find out if we can stay in the flat for another year and what the rent will be etc.

So, this weekend my aim is to pop into the estate agents next door who we officially rent through to find out what the situation is. Then, by next weekend if all goes to plan I'll make an application for the electoral role.

Once again... fingers crossed. Oh and the dress is at £50 on eBay with one day to go.

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