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Mortgages and applying for credit
James2201
Posts: 30 Forumite
Hello there.
I am currently selling my house and in process of buying another one. I am taking a new mortgage out for this one. It has been agreed in principle, I have paid the valuation fee and I think the next step is for it to go to the underwriter. Other than that I am assuming it's all been done.
I was wandering if I am in a safe place to be able to apply for credit during this stage or if I should wait. Basically it's a brand new house and I have to carpet it all and have been quoted quite a lot of money which I don't have to hand. I can do zero % interest free. But am aware they will run a credit check.
Will this likely impact my mortgage or the fact its all been agreed should that be ok?
Thanks
I am currently selling my house and in process of buying another one. I am taking a new mortgage out for this one. It has been agreed in principle, I have paid the valuation fee and I think the next step is for it to go to the underwriter. Other than that I am assuming it's all been done.
I was wandering if I am in a safe place to be able to apply for credit during this stage or if I should wait. Basically it's a brand new house and I have to carpet it all and have been quoted quite a lot of money which I don't have to hand. I can do zero % interest free. But am aware they will run a credit check.
Will this likely impact my mortgage or the fact its all been agreed should that be ok?
Thanks
0
Comments
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Gets asked a lot, best to wait until completion or there is a chance it may not go through. Some more thoughts on an earlier thread
https://forums.moneysavingexpert.com/discussion/6032591/additional-credit-when-waiting-to-complete0
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