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car on pcp looking at getting a mortgage
benjamin_applebaum
Posts: 1 Newbie
hello im looking at starting the process of getting a mortgage im just concerned because i have a car in my name which costs £340 a month my credit is okay not amazing but im concerned no one will touch me because of this burdon? any help would be appreciated?
0
Comments
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It's just another outgoing, nothing to be worried about. It'll just be factored in to the amount they're willing to lend rather than result in a straight no.
Why isn't your credit amazing? Do you have any CCJs, defaults or late payments?0 -
It will impact on any affordability tests lenders are required to do. £340 a month, is it a Bentley? Even a Mercedes C Class costs a lot less than that.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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