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!

Car Loan £15000 soon after new home move

ukccie
ukccie Posts: 9 Forumite
in Loans
Dear All,

As title says, I would like to apply for the car loan upto £15000 for 4 years. I am wondering my chances to get success since, I just bought new home with joint mortgage and we are 2 weeks from completion. Mortgage going to be paid by my wife account.

Is that ok to apply soon after change my all address changed!!!. and Elect roll will be updated 2 April. Do I want to wait until 2 of April?

Thanks for your time

Comments

  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
    https://forums.moneysavingexpert.com/discussion/4376983
  • stephane_2
    stephane_2 Posts: 3,076 Forumite
    Debt consolidation.....new car...!!!
    What is it going to be next...?
    Move on.....
  • Apples2
    Apples2 Posts: 6,442 Forumite
    Move along dreamer.
  • ukccie
    ukccie Posts: 9 Forumite
    Apples2 wrote: »
    Move along dreamer.

    I am not dreaming but facing the reality. I went to bank and they said that their "system" saying my Chances are very little to apply for loan. I dont know why?!!!. So how long should i Wait?

    Thanks
    :(
  • AFK_Matrix
    AFK_Matrix Posts: 682 Forumite
    You should probably wait around 5 -6 months till you try for the loan again but that is no guarantee. You have provided far too little a detail to say wether you will get a loan. Firstly definintely register on the electrol roll. Then we'd to know what your salary is, if you have any defualts etc on your credit file, do you have any other debt or credit cards etc.

    So no one can answer your question at the moment.
  • Curr946
    Curr946 Posts: 525 Forumite
    Part of the Furniture Combo Breaker
    and its this kind of behaviour that lands you in trouble and higher APRs for us more responsible borrowers when you default.


    new to country. (guessing from your other thread)
    mortgage of ???
    20k personal loan
    15k car loan

    yeah... dreamer is right.
    If you keep on doing what's you've always done, you'll keep on being what you've always been...:think:
  • lippy1923
    lippy1923 Posts: 1,374 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ukccie wrote: »
    I am not dreaming but facing the reality. I went to bank and they said that their "system" saying my Chances are very little to apply for loan. I dont know why?!!!. So how long should i Wait?

    Thanks
    :(

    lol :rotfl:
    Total Mortgage OP £61,000
    Outstanding Mortgage £27,971
    Emergency Fund £62,100
    I AM NOW MORTGAGE NEUTRAL!!!! <<Sep-20>>

This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture