We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Rolling credit checks

Too_Hairy_Husky · 2013-02-07 13:16:37

We signed our mortgage deed on Tuesday... finally!!! But there was a note on the bottom of it saying that - and I quote - "lenders are conducting rolling credit checks and can refuse to issue a mortgage if your circumstances change, even after exchange of contracts" :eek: Now, our circumstances have not changed - I was on…

Comments

Thrugelmir Posts: 89,546 Forumite

8 February 2013 at 1:34PM

Too_Hairy_Husky wrote: »

You mean some people get a mortgage promise and then go an rack up a massive debt elsewhere? Wow - that's brave... or stupid!

If people want something badly enough they'll bend the rules. That's human nature. Sadly they fail to consider the consequences. Hence why there's a need to spell it out.

0