Taking out finance through Novuna before house completion?

charlotteh96

Hi,

We are currently going through the process of buying a house, it's dragging on a bit due to some unforeseen problems and slow communication from the sellers' solicitor. We have until 9th March before our current mortgage offer expires. 

I recently completed my probation period at work and have since received perks including Vitality private medical insurance. With this, there is the option to get an Apple Watch for a significantly reduced cost, on a 40-month 0% APR consumer credit agreement through Novuna Personal Finance (it was spoken about by Martin Lewis in one of the MSE newsletters). The idea is that if you're active, it reduces your monthly payments potentially to £0 per month if you earn the maximum activity points.

This offer is valid until 14th Feb, which we may or may not have completed by. I have read that you shouldn't take out loans/open new bank accounts/apply for larger credit limits etc. before completion because it could affect the mortgage offer you've already received, and worst case scenario the lender could revoke the offer.

Would Novuna count as one of the accounts you should avoid before completion?
I'd love not to miss out on this offer but obviously getting the house and the mortgage is the priority by far. 

Thanks so much  

ian1246

Your taking out a loan and it will show up on your credit report - i wouldn't risk it personally...

kingstreet

Avoid anything requiring a hard credit search.