We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Exchange to completion - question.
matthewmaudsley
Posts: 7 Forumite
Hello everyone, I have (probably dumb question) question about my mortgage application. I have spoken to my broker who said “should be fine”. I don’t like the word “should be”!
I have exchanged on a new build property, my mortgage is all in place. But I am about to pay off a vehicle I have on PCP and use the equity I have to purchase a car outright, with no credit involved whatsoever.
In theory this should be a good thing? But I am just worried that the mortgage company would see it as a change of circumstances. Am I being paranoid?
0
Comments
-
YesAs long as your not taking out new finance till you have the keys to the property0
Categories
- All Categories
- 347K Banking & Borrowing
- 251.5K Reduce Debt & Boost Income
- 451.7K Spending & Discounts
- 239.3K Work, Benefits & Business
- 615.1K Mortgages, Homes & Bills
- 175K Life & Family
- 252.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards