Remortgaging soon but want a new car.

Tommeh_

Ok so we are due to remortgage soon, our fixed rate ends July. We are going into a mortgage broker in 4 weeks to lock in a new deal, looking like the best rates are with our current lender so won’t be changing lender. 

Will the mortgage broker be able to do a quote as if I have a £15,000 loan to see if there’s much difference with or without it.

since our last fixed rate I have had a £10,000 pay rise so affordability won’t be a problem. 

i know it would make sense to wait until after the remortgage process to get the loan but my car is starting to have problems and I want to swap it asap.

thanks for any help people can provide.

secla

If you go with your current lender odds are they wont do a credit check anyway as its just a products switch

Emmia

You asked this question already. Please don't start new threads on exactly the same question, just because you didn't like the answers.

https://forums.moneysavingexpert.com/discussion/6515446/loan-but-remortgaging-soon#latest

Tommeh_

Emmia said:

You asked this question already. Please don't start new threads on exactly the same question, just because you didn't like the answers.

https://forums.moneysavingexpert.com/discussion/6515446/loan-but-remortgaging-soon#latest

Only got one answer and it wasn’t very helpful.

Emmia

Tommeh_ said:

Emmia said:

You asked this question already. Please don't start new threads on exactly the same question, just because you didn't like the answers.

https://forums.moneysavingexpert.com/discussion/6515446/loan-but-remortgaging-soon#latest

Only got one answer and it wasn’t very helpful.

You'd be better bumping your original thread by posting on it. 

Tommeh_

Emmia said:

Tommeh_ said:

Emmia said:

You asked this question already. Please don't start new threads on exactly the same question, just because you didn't like the answers.

https://forums.moneysavingexpert.com/discussion/6515446/loan-but-remortgaging-soon#latest

Only got one answer and it wasn’t very helpful.

You'd be better bumping your original thread by posting on it. 

Ok fair enough 👍

macman

It was helpful, you just didn't like the answer.

Nebulous2

Nobody knows in a situation like this. You are risking problems with your mortgage to get a car, but how much of a risk that is is impossible to tell. It then also come down to whether you are a risk taker or are cautious. 

I took a mortgage in 2018 and was told that each £10k of consumer debt would knock £40k off my available mortgage. So £15k of debt could more than wipe out a £10k pay rise. 

I'd ask your broker. They will know more about your circumstances and how safe a loan would be.