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Voluntary redundancy - Credit check impact?

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Hi All,

My company is currently offering a voluntary paid leavers scheme but I am also looking at houses at the moment. If I took the leavers payment, would it have any credit score impact afterwards?

Essentially, the lump sum would help increase my deposit significantly and I think I could get a better paid job relatively quickly. (Ignoring the impact of how long I would have to be in a new job before companies would offer me a mortgage)

Regards

Teddy

Comments

  • uknick
    uknick Posts: 1,767 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I would have thought if you tell the lenders you were unemployed, or will be imminently, it would affect your score.

    I learnt that being unemployed affects things I never considered, e.g. all types of insurance.
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