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Mortgage offer and need loan
I’m due to move into a new property in 3 weeks and need to apply for a loan to pay for things like carpets etc.
I am worried about applying through my bank although would prefer this as wondering if I get turned down or not will it effect my mortgage coming through. My bank don’t do a soft search.
I tried ringing them and they couldn’t really give me any answers as to if it could impact my mortgage. I have an offer but it’s not drawn down yet.
Also done a soft search on Credit Karma and came out at 100% for some companies. Does that mean I’m guaranteed to be accepted with those so less risky?
I am worried about applying through my bank although would prefer this as wondering if I get turned down or not will it effect my mortgage coming through. My bank don’t do a soft search.
I tried ringing them and they couldn’t really give me any answers as to if it could impact my mortgage. I have an offer but it’s not drawn down yet.
Also done a soft search on Credit Karma and came out at 100% for some companies. Does that mean I’m guaranteed to be accepted with those so less risky?
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Comments
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Don't apply for any credit until you're completed.3
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I have to I’m aftraid as I need to buy carpets, blinds and pay for a stairlift. Also need to know that I can afford things like removal firm etc. Could it put my mortgage at risk?0
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Or would credit card be better?0
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Yes… until you have completed, nothing is set in stone.spud73 said:I have to I’m aftraid as I need to buy carpets, blinds and pay for a stairlift. Also need to know that I can afford things like removal firm etc. Could it put my mortgage at risk?1 -
Ok will just have to wait till completed but what do I then do if I can’t get a loan to buy carpets etc0
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You make do with whatever is in the property until the amount is saved up.
Buying on credit for a new home is the quickest way most people get into debt as it all escalates.Mortgage started 2020, aiming to clear 31/12/2029.5 -
I'm afraid you will need to wait until you have the cash, available credit on a card or are eligible for a loan.spud73 said:Ok will just have to wait till completed but what do I then do if I can’t get a loan to buy carpets etcI’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions 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.
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STRUGGLING DURING THE HOLIDAYS??
click here for ideas on how to cope....Some websites and helplines if you're struggling this Christmas — MoneySavingExpert Forum0 -
can’t can’t do that as as it’s a new build and doesn’t have flooring- I thought I’d have enough but my mum who was gifting me the deposit is ill in hospital so I’ve had to find more than I thought. Also need stairlift fitted. Might just have to take a chance on it0
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is getting more on the mortgage a possibility? It's not like it's a consolidation of debts with the mortgage at this point so might be considered more acceptable.
Is there anything possible via the construction company?
I quite get the bit about needing carpeting in place prior to fitting a stairlift. Easier to bolt through the carpet than try to fit the carpet around the footings.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions 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.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
⭐️🏅😇🏅🏅🏅
STRUGGLING DURING THE HOLIDAYS??
click here for ideas on how to cope....Some websites and helplines if you're struggling this Christmas — MoneySavingExpert Forum0 -
Thanks I do need stairlift in place- I could possibly ask mortgage company but seems a bit late now- all this has changed in last month. Need somehow to borrow/find an extra 5,000 to cover everything!0
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