Loans and mortgage application

Looking to move house - wasn’t expecting things to happen so quickly tbh …anyway i had a re shuffle of finances in the last 12 months , took out a  3k loan to pay off some small bits , then wanted to clear CC so took out a small loan with monzo as good rate 4k and cleared all debts - then after xmas unexpectedly got a bonus so cleared all loans and debts …obv score dropped cause of the hard searches …but no adverse credit, LTV is 50 percent as have good equity - have in principle agreed, but will the underwriters question my loans and think i was “desperate” i just wanted to consolidate some small finance agreements ?

Comments

  • kingstreet
    kingstreet Posts: 39,234 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No. Probably not at 50% LTV.
    I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • Jo1923
    Jo1923 Posts: 45 Forumite
    Fourth Anniversary 10 Posts
    thanks - my dec statement looks chaotic as money was coming in and out of all my accounts …as ai was paying off all little bits klarna etc - all zero and closed now , but it looks messy on the statement - although no bank statements requested yet just pay slips 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.4K Banking & Borrowing
  • 252.9K Reduce Debt & Boost Income
  • 453.3K Spending & Discounts
  • 243.4K Work, Benefits & Business
  • 597.9K Mortgages, Homes & Bills
  • 176.6K Life & Family
  • 256.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.