How to declare credit union loan on application

Skint2019

Hi all, we are in the process of completing an online remortgage application with Santander. My husband has a credit union loan which is taken directly from his monthly wage and appears on his payslip. How do I declare this on the application? If I select unsecured loan it gives me the option of bank, building society, private individual etc but not credit union? Thankyou.

ACG

Just put bank or building society, you will be fine.

[Deleted User]

There should be a different section that asks for any payslip deductions. May be better on there.


If the credit union loan shows on credit report just put it as 'unsecured bank' or something.
If it doesn't just put it as a payslip deduction

Santander broker site definitely has a section for payslip deductions (and then asks if it is discretionary). I assume the public site does as well

Acg just posted, you wouldn't be wrong putting it as a loan. Either way it would be fine.

ACG

Deleted_User wrote: »

There should be a different section that asks for any payslip deductions. May be better on there.


If the credit union loan shows on credit report just put it as 'unsecured bank' or something.
If it doesn't just put it as a payslip deduction

Santander broker site definitely has a section for payslip deductions (and then asks if it is discretionary). I assume the public site does as well

Acg just posted, you wouldn't be wrong putting it as a loan. Either way it would be fine.

Maybe ignore my post and do this. I have never used Santander and I dont think any other lender asks about payslip deductions (thats my excuse for giving the wrong answer).

Skint2019

Thankyou both so much, I see the section you mean.