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Applying for a loan and mortgage simultaneously

Hi, I want to apply for a BTL mortgage but I also want to get a loan on a cheaper rate to consolidate some debts.... If I apply for the mortgage first, other lenders may see that as an extra outgoing. So if I apply for the loan first and then the mortgage would the second lender see the other search on my credit file? If they were taken out days apart? Thanks

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Don't apply for any credit until you have completed on the mortgage.
  • It's a Buy to let mortgage, will it make a difference?
    Thanks
  • mcpitman
    mcpitman Posts: 1,267 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Matteee wrote: »
    It's a Buy to let mortgage, will it make a difference?
    Thanks

    Nope, don't apply for any credit until after the mortgage is sorted, offered and completed.
    Life isn't about the number of breaths we take, but the moments that take our breath away. Like choking....
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