We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
2nd Cpc affect mortgage application
Hello, I need a car for work and it seems my company is pushing us to take a car cash allowance so we buy our own car by putting rubbish unsuitable cars on the new order list, I currently have a cpc running for my wife's car what I pay as she looks after my toddler's and we are also looking at buying a new house. The company will put a monthly payment on my payslip for the car but will this affect how much I can borrow for a morgage, as my outgoing will have 2cpc? I know it will Make my income more but my longterm debt will be high also so I'm worried if will affect what I can borrow on a home.
0
Comments
-
It should be PCP, my phone predictive text changed this and I cannot edit the post.0
-
Lenders will look at your overall income and debts/outgoings, so yes, all factors can have an impact.
The extent of the impact will vary by lender.0
This discussion has been closed.
Categories
- All Categories
- 347.2K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.8K Spending & Discounts
- 239.5K Work, Benefits & Business
- 615.4K Mortgages, Homes & Bills
- 175.1K Life & Family
- 252.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards