New mortgage next month, will % finance affect it

lifegoeson2013

Hi
I'm moving into a new house at the start of April and have a mortgage offer secured, paperwork done and completed, missives concluded etc (live in Scotland). I have some cash in the bank for unexpected costs but I've put a deposit on a new sofa, £900, and they want me to complete the financial paperwork so that I can book delivery.

I intended to pay with cash and keep fingers crossed nothing big goes wrong but as they offered me a % finance deal and pay it up over 2 years it seemed like a good way to keep more cash for emergencies.


As the mortgage has completed would they be likely to run any final checks where this might flag up and affect my mortgage application?
Thanks!

[Deleted User]

Wait until the mortgage is 100% complete before committing to any further finance agreements

lifegoeson2013

!!! wrote: »

Wait until the mortgage is 100% complete before committing to any further finance agreements

What does 100% complete mean?

The next thing thing left to do is move in then I make a payment.
Is there something happens after completion of mortgage and moving in? Thanks

Shakin_Steve

A £900 sofa is not going to affect a mortgage offer. But if you're that worried, pay cash.

hunte78

Some mortgage providers will run a final credit check prior to releasing funds. If you take on a new financial commitment and your mortgage provider does do a final check then there is the potential for them to withdraw your offer. That would obviously be a very costly mistake for you.

Our broker advised us not to take on any additional finance commitments (even 0% interest) whilst waiting to complete.