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Personal loans after mortgage

sam222
sam222 Posts: 140
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Hi there, I am a new home owner, bought it 2 months ago, I need a personal loan,(6k), Ihave my mortgage with Halifax, I talked to them, they say we advice customers to wait 4-6 month before they apply for any credit, my question is that can I try somewhere else, or is the same everywhere, you have to wait some months, after mortgage, if ,if I can look elsewhere, for personal loan would you recommend anyone, isn't it better to look for a loan broker, many thanks for any advice 

Comments

  • Use an eligibilty checker.

    However, your options will be limited following a new mortgage.
  • [Deleted User]
    [Deleted User] Posts: 0
    Fifth Anniversary 1,000 Posts Name Dropper I've been Money Tipped!
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    edited 4 September 2020 at 7:02PM
    4-6 months is good advice especially if you don't want to pay over the odds
  • sam222
    sam222 Posts: 140
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    Thanks for advice, where could I use an eligibility checker?
  • JReacher1
    JReacher1 Posts: 4,664
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    From experience the better rates often kick in at £7k not £6k. So although I wouldn’t recommend borrowing more than you need if the APR is better at £7k it may be worth applying for a bit more. 

    Whether you are successful depends really on your personal Financial circumstances. 
  • sam222
    sam222 Posts: 140
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    Many thanks for reply, I was gone go for 7k myself. Can I ask is loan eligibility checker and loan eligibility calculator are same thing. 2.Do I get more chances with brokers. Thanks 
  • DCFC79
    DCFC79 Posts: 40,652
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    Why the rush for a loan, you've just a house which is a big purchase and with it comes a responsibility not to over burden yourself.
  • mjm3346
    mjm3346 Posts: 47,409
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    edited 4 September 2020 at 10:16PM
    MSE Loans Eligibility Calculator (not long at your address, just taken out a mortgage - unlikely to get a good rate)   

    https://www.moneysavingexpert.com/eligibility/loans-calculator/search/
  • You will be credit scored regardless of whether you borrow from the Halifax or elsewhere and the recent mortgage will count against you.  You will not stand a better chance with a broker but they may be able to point you towards lenders appropriate for your circumstances if you are Self employed or have a bad credit rating.  You will have two things stacked against you though, not at current address at least six months and recent borrowing. If you do get a loan approved it may be at a high rate. 
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