Mortgage advise needed please

DJV_09

Hi There,

This is my first post I am new to all of this.

Me and my partner recently applied for a mortgage with Lloyds for £97,500 at 75% LTV which we received in principle approximatly 3 weeks ago. The offer on the property we want was verbally accepted at this time also.

Getting this mortgage was a bit of a struggle as I had a default on my credit file for £569 due to an ex boyfriend not paying for a mobile phone I had taken out on contract for him roughly 4 years ago, and the fact we are going to rent out my partners current property.

We are still waiting on the mortgage offer as my bank statements are missing from the application at the moment but hoping that this will be resolved asap.

And finally to get to the point of my post, will taking out a personal loan of £7,500 effect my mortgage offer? I have been approved but I am terrified that I will take this and then the mortgage will be declined.

Just wondering if anyone can shed any light regarding the effect this would have if credit checks have been done?

Many Thanks

xxxx

Caz3121

Do you have the 25% deposit or do you need the loan to make up your deposit?

Cannon_Fodder

Terrified = if in doubt don't do it.

It probably would affect it. Lenders are asking for credit card and other loans to be repaid before funds are released.

For all the very good advice you can get on here, no-one other than the Lender can answer that 100%. And you don't want to ask, as they might view you asking as being likely to go ahead...

Being nosey, why complicate things at this stage, when you have other elements that are iffy enough..?