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Will Buying a Car on PCP / Finance Affect Mortgage?
anotheruser
Posts: 3,485 Forumite
There's two of us.
One person hasn't really got any credit rating, or it's a standard when starting out in the world of credit.
The other person has a fairly good credit rating.
If the person with not much credit rating buys a car and pays it off over 24/36/48/60 months, will this affect getting a mortgage?
One person hasn't really got any credit rating, or it's a standard when starting out in the world of credit.
The other person has a fairly good credit rating.
If the person with not much credit rating buys a car and pays it off over 24/36/48/60 months, will this affect getting a mortgage?
0
Comments
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As long as there is enough income left over to make the mortgage payments then all it will affect is affordability and the amount that can be lent. If you don't take the car you can borrow more money and once you've moved in you can buy the car on credit.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0
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