We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
2nd Cpc affect mortgage application
Options
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.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards