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Mortgages and Klarna
poppie123
Posts: 957 Forumite
Just some advice really.
Currently in the process of applying for a mortgage after having an offer accepted on a property, we are first time buyers, have a 15% deposit and both have an excellent credit score, no defaults, ccj's.
We have no debts, credit cards are always paid off in full but i have used Klarna, which is always paid in full. Usually pay in 30 days or pay in 3.
Now im worried that by using Klarna we will be declined a mortgage.
Has anyone had anything similiar? Or been approved for a mortgage having used Klarna.
To be honest i didn't give it a second thought until today and now feel sick.
Currently in the process of applying for a mortgage after having an offer accepted on a property, we are first time buyers, have a 15% deposit and both have an excellent credit score, no defaults, ccj's.
We have no debts, credit cards are always paid off in full but i have used Klarna, which is always paid in full. Usually pay in 30 days or pay in 3.
Now im worried that by using Klarna we will be declined a mortgage.
Has anyone had anything similiar? Or been approved for a mortgage having used Klarna.
To be honest i didn't give it a second thought until today and now feel sick.
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Comments
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I have come across klarna with some customers and never had an application declined.
I think it really depends, if you have 4-5 going out in the last 3-6 months it is probably one of those things worth checking before applying. I dont know if it is an issue, but its good that you have thought about it upfront.
It wont prevent you from getting a mortgage at normal rates, it might be a problem for some lenders - but I have not seen it being a problem.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
On my credit report it shows 35 klarna payments all settled, paid in full.
It stretches back to December 2022.
Im absolutely terrified that the mortgage will get declined.
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I think you will be fine.poppie123 said:On my credit report it shows 35 klarna payments all settled, paid in full.
It stretches back to December 2022.
Im absolutely terrified that the mortgage will get declined.
But I would also just check it beforehand, or use a broker.
It wont stop you getting a mortgage. At worst it might just be one where a couple of lenders say its maybe not for them. Dont worry, you will be fine with most lenders I reckon.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Thank you. Its with Nationwide so im keeping everything crossed.0
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I’ve used Klarna a fair bit over the last 2 years, mainly because I could keep the cash in the saving pots gaining interest. Had a mortgage approved from Halifax last week so be negative affect that I’m aware of.2006 LBM £28,000+ in debt.
2021 mortgage and debt free, working part time and living the dream0 -
This is interesting, would PayPal Pay in 3 cause any problems either do you think?0
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