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Affordability
hopefulsoph
Posts: 39 Forumite
Hi there
Quick question...if you use an online estate agents and choose to pay later (on completion or in 10 months) which involves credit check would this be seen as a credit commitment and lower affordability? We are very close to limit and wouldn't want to scupper our chances further...
Any advice would be greatly appreciated!
Thanks
Quick question...if you use an online estate agents and choose to pay later (on completion or in 10 months) which involves credit check would this be seen as a credit commitment and lower affordability? We are very close to limit and wouldn't want to scupper our chances further...
Any advice would be greatly appreciated!
Thanks
0
Comments
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Is the purchase of the new place dependent on the sale of your current place?
ie - will the debt be cleared by the time the new purchase completes?I am a Mortgage AdviserYou 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 -
Yes our deposit for the new place would be the equity from the sale our our existing home, I guess we would choose to use funds released from our sale to pay the estate agents fees...if that makes sense...0
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I would assume then that you can choose cleared on completion - but get your broker to check.I am a Mortgage AdviserYou 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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Brill thanks! Will call them tomorrow!0
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