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Mortgage Question

Just a quick question really, i have a personal loan with 30 months left to pay at 390 a month, if i apply for a mortgage would their be a different amount they would lend me if i didn't have the loan.

Its a loan i got for my car, but if the opportunity for a higher lending amount for a property came along, the car would go, and i would use the equity in it to get a more sensible cheaper model :-)

Comments

  • ACG
    ACG Posts: 24,690 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Plug the figures in an affordability calculator or 2.

    Debt can either result in no difference, a big difference or anything in between. Without having all of the figures, it is difficult to say.
    I am a Mortgage Adviser
    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.
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