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Mortgage Application
pollyanna24
Posts: 4,390 Forumite
Do multiple mortgage applications ruin your credit rating? I'm not thinking of applying yet, but in a year or so.
What other pitfalls might there be in applying? I know having a lot of debt isn't good, but how about the fact that I haven't used a credit card in years? They should know how good I am at paying off debt as I have been paying my mortgage for 8 years.
Will the fact that I have overpaid so much on my current mortgage stand me in good stead, or just not matter to mortgage companies?
I have two children. I know this will affect how much I can borrow, but just wondered if there was anything else which adversely affects the mortgage you can get?
What other pitfalls might there be in applying? I know having a lot of debt isn't good, but how about the fact that I haven't used a credit card in years? They should know how good I am at paying off debt as I have been paying my mortgage for 8 years.
Will the fact that I have overpaid so much on my current mortgage stand me in good stead, or just not matter to mortgage companies?
I have two children. I know this will affect how much I can borrow, but just wondered if there was anything else which adversely affects the mortgage you can get?
Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
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