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renting whilst looking for new house - credit score changes?

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C0ntract
C0ntract Posts: 1 Newbie
in Mortgages & endowments
I have just had an offer for my house and want to sell before I have found a new one. We will therefore be renting whilst we search as we don't want to lose the buyer. The good news is that we will be then be a 'cash buyer' for our new home but will my credit score go down the longer I rent? i.e. is it harder to secure a mortgage as a 'renter' as opposed to a 'seller'?
thanks in advance

Comments

  • The_J
    The_J Posts: 1,250 Forumite
    If you need a mortgage, you are not a cash buyer, you are chain free though.

    No, it's not harder to obtain a mortgage as a tenant. Just make sure all your documentation is transferred over to the new rented property and you are on the electoral roll immediately.
    The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.
  • DannyboyMidlands
    DannyboyMidlands Posts: 1,880 Forumite
    I'm not sure if it's harder or not but it certainly should be. "Renters" are disgusting creatures and inferior to "homeowners" in every way.
  • The_J
    The_J Posts: 1,250 Forumite
    DannyboyMidlands wrote: »
    I'm not sure if it's harder or not but it certainly should be. "Renters" are disgusting creatures and inferior to "homeowners" in every way.

    attachment.php?attachmentid=71609&d=1327100076
    The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.
  • melysion
    melysion Posts: 801 Forumite
    lol. Dont think you renting will have any impact at all. Why on earth should it? :P
This discussion has been closed.
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