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Mortgage & Car Finance

Gm1_2
Gm1_2 Posts: 4 Newbie
in Loans
Hi

I have just had an offer through from my building society for a mortgage application. This isn't the first mortgage which i have. How soon can I apply for car finance? And where is best to apply for the finance.

Thanks in advance!
«1

Comments

  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    Gm1 wrote: »
    How soon can I apply for car finance? Immediately

    And where is best to apply for the finance. Your bank seems in a generous mood so try them?

    Thanks in advance!

    cheers

    dealerwins
  • Gm1_2
    Gm1_2 Posts: 4 Newbie
    Hi dealer wins

    Won't be credit score be knocked down by the Morgage?

    The building society's apr is higher than the one recommended on here and i dont think they will lend more. But also I don't want a refusal going on my report.

    Cheers
    Gm1
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    From what you have posted how can we possibly know the answer to your question when you haven't told us a single thing about what you earn compared with existing debts etc.
  • Gm1_2
    Gm1_2 Posts: 4 Newbie
    My concern is my report rating as the extra Morgage is put on my report. I was told u should leave 6 months inbetween getting credit. But can't really wait that long for a new car.
  • DCFC79
    DCFC79 Posts: 40,610 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 2 September 2012 at 11:09AM
    Well wait or borrow less than you were wanting to borrow
  • Gm1_2
    Gm1_2 Posts: 4 Newbie
    Does anyone else no if it's ok to apply for car finance straight after getting another morgage?

    Thanks
  • Curr946
    Curr946 Posts: 525 Forumite
    Part of the Furniture Combo Breaker
    provided the banks agreed the mortgage then i cant see any reason why you would have to wait.

    However, you might want to think about being able to pay all this debt your getting into should you lose your job.
    If you keep on doing what's you've always done, you'll keep on being what you've always been...:think:
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    Curr946 wrote: »
    However, you might want to think about being able to pay all this debt your getting into should you lose your job.

    We dont worry about trivial things such as that on here.

    If you've got a Experian "999" badge on your chest, and the computer says "YEEEEEEES" you borrow now, worry later!!
  • DCFC79
    DCFC79 Posts: 40,610 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Gm1 wrote: »
    Does anyone else no if it's ok to apply for car finance straight after getting another morgage?

    Thanks

    Depends if you can afford repaying the loan plus the mortgage.

    I refer you to reply #4
  • poppasmurf_bewdley
    poppasmurf_bewdley Posts: 5,925 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Op, you could rephrase your question:

    I've just got one load of debt, how soon can I get another?
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
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