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Mortgage Offer Advice

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dave4343
dave4343 Posts: 35 Forumite
in Mortgages & endowments
Hi,

Hoping someone can help.

Have had my Nat West mortgage approved and all ready to go, mortgage of 169000 purchase price 212000.

My question is this, looking to buy a new car 20000 will be a personal loan of which I have not declared to lender as at min do not have loan, will the Nat West credit score me again prior to releasing funds on day of exchange?

Bit concerned this may happen, so is it best to put car purchase off to after exchange and in house or can I go ahead and buy car now?

Thanks

Dave

Comments

  • ACG
    ACG Posts: 24,608 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Its unlikely, but best to assume they could.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • gazareth
    gazareth Posts: 73 Forumite
    They may do a random spot check at any point. Wait until after completion - if you exchange, get the loan and then they spot check and decide to pull your offer, you would be in a large spot of bother!
  • Yorkie1
    Yorkie1 Posts: 12,052 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Definitely wait until after completion before you apply for the loan.
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