We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Car Finance with Mortgage
Options
Reason123
Posts: 163 Forumite
Hello
When applying for a Mortgage - how do lenders view car finance? Whether its a Loan / Hire Purchase / Leasing?
Are either more/less attractive to a lender?
Thanks
When applying for a Mortgage - how do lenders view car finance? Whether its a Loan / Hire Purchase / Leasing?
Are either more/less attractive to a lender?
Thanks
0
Comments
-
My guess would be, as long as it is well within your budget and does not affect affordability, then it shouldnt be a problem.0
-
The monthly cost will reduce your mortgage borrowing power.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
-
Take the car on a deal that is right for you.
The higher the payment the lower your mortgage borrowing power.
Other than that it makes no difference.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.0 -
Thanks all0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards