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Swap car lease before remortgage completion
superdon
Posts: 317 Forumite
So, I know that it's a big no,no to get new credit whilst waiting for a mortgage to complete.
The situation with us is we have the remortgage offer ready to go for completion just after the ERC ends at end of July
Have realised that the cars personal contract hire ends before then. Therefore we will be looking to start a new lease and therefore a new amount of credit along with checks. This will not be in addition to any current finance, just a replacement of an existing credit account that the lender are aware of.
Are we OK with this? Is it best to explain to them (TSB) or should we just see if they pick it up and then explain?
Not really a way around it that I can see.
The situation with us is we have the remortgage offer ready to go for completion just after the ERC ends at end of July
Have realised that the cars personal contract hire ends before then. Therefore we will be looking to start a new lease and therefore a new amount of credit along with checks. This will not be in addition to any current finance, just a replacement of an existing credit account that the lender are aware of.
Are we OK with this? Is it best to explain to them (TSB) or should we just see if they pick it up and then explain?
Not really a way around it that I can see.
0
Comments
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Cheap runaround for a few weeks?0
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Ask lenders opinion, if you've done it direct.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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