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PCH effect on mortgage
KS7
Posts: 3 Newbie
Hi,
I am looking to clear my loans and get a PCH "contract hire" does this show up on your credit report? If so can will this have a negative effect on a mortgage application?
I am looking to clear my loans and get a PCH "contract hire" does this show up on your credit report? If so can will this have a negative effect on a mortgage application?
0
Comments
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All credit commitments will/should show up on your credit report(s).
Generally speaking a search will be a negative for around 3-6 months, after that your score should start improving based on the payment history.
There is no exact science though, it varies from lender to lender how they score your application.I am a Mortgage AdviserYou 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.0
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