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Will choice of loan provider affect mortgage?
dave333
Posts: 39 Forumite
If I take out a loan (approx £7.5k) with Derbyshire Building Society (Part of Nationwide) and I then buy a new house, porting my current mortgage with additional mortgage borrowing with nationwide - will it make a difference that both the loan and mortgage will effectively be with Nationwide or will they not care?
I have done all of the mortgage calculations with the loan and affordability is fine I'm just not sure whether they will view it as being too much risk?
Also, what would be people's opinion on Loan rates - do you think they will go up or down over the next few months??
My thoughts are that they will stay the same as I think loan rate competition has settled down now - can't see them getting much lower...
I have done all of the mortgage calculations with the loan and affordability is fine I'm just not sure whether they will view it as being too much risk?
Also, what would be people's opinion on Loan rates - do you think they will go up or down over the next few months??
My thoughts are that they will stay the same as I think loan rate competition has settled down now - can't see them getting much lower...
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