Voluntary redundancy - Credit check impact?

TeddyKGB

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

uknick

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.