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
change of address before mortage application. help to decide!
Nike79
Posts: 67 Forumite
Hello Guys!
Simple question - your feedback is appreciated!
I am renting at the moment and im about to start looking for property to buy, hence will be applying for mortgage.
i lived at my current address over a year now, but the conditions are so intolerable im so fed up and want to move and rent somewhere else even termporariliy.
I have been warned that changing residential address just before my mortgage application may affect my credit score and although i may not be rejeced but lender may borrow me slightly less.
As im looking to borrow as much as i can and looking for flat priced based on this considerations, ideally i woudlnt want the change of address affect this.
Is this a true possibility my credit score can be affected because of the change of address just before the application? please advice:):A
Simple question - your feedback is appreciated!
I am renting at the moment and im about to start looking for property to buy, hence will be applying for mortgage.
i lived at my current address over a year now, but the conditions are so intolerable im so fed up and want to move and rent somewhere else even termporariliy.
I have been warned that changing residential address just before my mortgage application may affect my credit score and although i may not be rejeced but lender may borrow me slightly less.
As im looking to borrow as much as i can and looking for flat priced based on this considerations, ideally i woudlnt want the change of address affect this.
Is this a true possibility my credit score can be affected because of the change of address just before the application? please advice:):A
0
Comments
-
Live your life.
Don't worry about your credit file.
A move is hardly likely to tip a credit score under.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Live your life.
Don't worry about your credit file.
A move is hardly likely to tip a credit score under.
Thank you. I was also moving about 4 times in the last 4 years, so im really concerned if i move now and apply for mortgage say in a week, i might get less money from the lender .
Given that im looking for flats in the price range X consisitng of all my savings and 5x salary borrowing , so what i would do if im borrowed less?:(0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards