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Wonga and equity loan
Glw28
Posts: 23 Forumite
Hello
Has anyone managed to Buy a new home through the help to buy equity loan scheme and had a pay day loan previously?
Has anyone managed to Buy a new home through the help to buy equity loan scheme and had a pay day loan previously?
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Comments
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It is possible yesI am a Mortgage BrokerYou 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.0 -
How long ago did you use the payday loan? was it just a one off?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.0 -
It was in January and was only once... We won't be getting our mortgage for at least another year so will be over a year old0
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You should be fine then, especially if it was down to an unforeseeable financial hiccup. Some lenders won't accept them at all, even after 24 months so make sure you take advice and go for the right lender from the off.
MMI 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.0
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