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will a new loan affect a mortgage application?
tiger135
Posts: 438 Forumite
if i apply for a personal loan soon before a full mortgage application is it likely to affect acceptance of the mortgage ?
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Comments
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It will reduce the amount that they are wiling to lend as a mortgage, depending on other factors it could be the difference between getting a mortgage and not.tiger135 said:if i apply for a personal loan soon before a full mortgage application is it likely to affect acceptance of the mortgage ?2 -
ok thanks and would they know about the loan during the application if i didnt mention it ?0
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Yes of course they would as they do a hard credit check during your mortgage application.tiger135 said:ok thanks and would they know about the loan during the application if i didnt mention it ?
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your credit file will alert them, not worth it?Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.2
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Well yesterday you had been approved for two unaffordable loans and were dead against a mortgage.2
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