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Mortgage + Debt advise please

incurable
incurable Posts: 22 Forumite
in Mortgages & endowments
Hiya I need to get a mortgage in principle but if I owe the HMRC £2000 and this is being collected through a debt agency will this affect my chances of getting one?

Thanks for any help.

Comments

  • betmunch
    betmunch Posts: 3,126 Forumite
    This will definitely impact on your ability to get an Agreement in Principal.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • Georgiecoh
    Georgiecoh Posts: 37 Forumite
    That depends, Mine didn't as it wasn't registered on any of my credit files.
    Have you checked all 3?
  • betmunch
    betmunch Posts: 3,126 Forumite
    Georgiecoh wrote: »
    That depends, Mine didn't as it wasn't registered on any of my credit files.
    Have you checked all 3?



    Its still a debt so even if it doesn't affect the credit report the monthly payments will affect the affordability
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • Georgiecoh
    Georgiecoh Posts: 37 Forumite
    That's true but if you didn't want it to show, take it off direct debit and wait a couple of months - pay it manually in cash. It wouldn't show them. Just a cheeky option - I am not suggesting it as I am not a financial advisor but its an option.
  • amnblog
    amnblog Posts: 12,791
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    Its not an option if the debt is reflected in your tax coding.
    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.
  • Georgiecoh
    Georgiecoh Posts: 37 Forumite
    amnblog wrote: »
    Its not an option if the debt is reflected in your tax coding.

    That's very true!
  • incurable
    incurable Posts: 22 Forumite
    Thanks for the replies, nothing shows up on credit reports. It was an overpayment of tax credits which is now with recovery firm.
This discussion has been closed.
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