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Mortgage and Debt

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MOLLYC
MOLLYC Posts: 3 Newbie
in Mortgages & endowments
I have an outstanding loan and about to apply for a mortgage. will the advisor ask what the loan was for?

Mol

Comments

  • powerwin
    powerwin Posts: 319 Forumite
    Hi ... I'm no expert but I would say you will be asked about all loans and financial commitments you have. That's because all of these will be taken into account when considering you for a mortgage, as a lender will check your credit record during your mortgage application.

    Rgds
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