Trying to buy a contract phone

piyush5

Hi, 

I have recently been offered a mortgage by Natwest. The mortgage is not going to start until May/June 2022, until the new build is completely constructed. 
My iphone battery has been misearable these days and I am thinking of buying a phone over monthly contract with O2. Is it a good thing to do (starting this buying the phone over credit) now? Obviously it may fetch a hard search on my credit file. Will it affect my mortgage/mortgage lender anyway?

piyush5

The monthly repayment of contract phone wont impact my affordability as it is just 33 pounds per month

piyush5

mortgageFTB said:

I think contract phones are now often seen on credit reports as loans.

Does the monthly repayment of your contract phone materially impact your affordability? Could you not wait a couple of months, or buy it out-right?

What do you suggest?

Chop-D

You could replace the iPhone battery, about £50 last time I had one

kingstreet

No new applications for credit between mortgage application and completion.

MWT

kingstreet said:

No new applications for credit between mortgage application and completion.

Chop-D said:

You could replace the iPhone battery, about £50 last time I had one

That would be my advice as well.

No point in rolling the dice when you don't have to .