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Taking out credit after mortgage offer but before completion

Steppy2
Steppy2 Posts: 1 Newbie
in Mortgages & endowments
Hi,

I'm after some advice, I have had my mortgage offer and am just awaiting completion. The problem I have is my PCP is coming to an end on my car very shortly and this means I will have to take our more credit to either buy the car or get a new one.

Will this have an effect on the mortgage company paying out?

Thanks in advance

Comments

  • kingstreet
    kingstreet Posts: 39,315 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Possibly.

    You should leave this until after completion.
    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.
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Avoid new credit if you can.
    The time between exchange and completion is the most risky as you can't pull out, but the bank can. Consequences are so severe that it's not worth the risk
    Changing the world, one sarcastic comment at a time.
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