Car Finance option V's first time Mortgage application

LeedsLass1

Hi I wonder if you can help give some advice. I am due to hand back my car in a few months (HP Deal) I obviously need to get another car but I am also wanting to look at buying a house this year too.

I want to know which car finance option is the best for when I apply for a mortgage. Is getting a loan and a 2nd hand car the best option or the 3 year finance deals on new cars? I need a replacement car either way however I want to get the best finance option that is going to have the least impact against a mortgage application.

Any advise and help will be much appreciated as I dont know how mortgage applications look at your finances and how they then impact the amount you can be offered.

Thanks

kingstreet

The monthly payment is the only thing which impacts a mortgage and will reduce what you can borrow.

LeedsLass1

Thats brilliant Kingstreet, so I just need to check which is the best option that gives me the lowest monthly payments. Thank you so much :-)