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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 2:34PM

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.

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