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How will it appear? Help plz
Girlisgettingthere
Posts: 38 Forumite
Hi looking for some help. My partner is due an upgrade on his phone and badly needs it. He is in the middle of mortgage application. Will this show as a new line of credit and could it affect his mortgage application? Thank you
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Comments
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Under what situations does he "badly need" an upgrade on his phone!? Madness. You can buy a Smartphone for £40!
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I'd avoid taking out any sort of finance or credit in the middle of a mortgage application - this will appear immediately on your files once applied for, and as banks normally make a few searches over the course of the application, chances are it'll get seen and probably through a spanner in the works.
As above however, if he really does badly need a new phone you can buy a cheap one outright without issue. Cheap phones really are cheap these days. Once the mortgage is done and dusted then you can upgrade to something more speccy if desired.1 -
Thank you PRAISETHESUN just the advice I was looking for
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Not what I was asking but thanks for the input....Malkytheheed said:Under what situations does he "badly need" an upgrade on his phone!? Madness. You can buy a Smartphone for £40!0 -
You’ve asked a question in a “money saving” forum.Girlisgettingthere said:
Not what I was asking but thanks for the input....Malkytheheed said:Under what situations does he "badly need" an upgrade on his phone!? Madness. You can buy a Smartphone for £40!
And it’s correct - you don’t need to spend hundreds and hundreds (or thousand) on a phone when you can get a decent smartphone for £150 or less.0 -
Thanks 😊D3xt3r5L4b said:
You’ve asked a question in a “money saving” forum.Girlisgettingthere said:
Not what I was asking but thanks for the input....Malkytheheed said:Under what situations does he "badly need" an upgrade on his phone!? Madness. You can buy a Smartphone for £40!
And it’s correct - you don’t need to spend hundreds and hundreds (or thousand) on a phone when you can get a decent smartphone for £150 or less.0 -
Upgrade is just that, no credit checks no one will be any the wiser.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1
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Buying a phone outright is the way he should go.1
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