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    • SMW87
    • By SMW87 10th Jan 19, 10:43 AM
    • 93Posts
    • 18Thanks
    Applying for loan after accepting new mortage deal with existing lender
    • #1
    • 10th Jan 19, 10:43 AM
    Applying for loan after accepting new mortage deal with existing lender 10th Jan 19 at 10:43 AM
    We recently applied to renew a deal with virgin as our fixed deal ends in march. A few weeks back we got as text to say our application was successful and our new deal with begin the day after existing one ends. Perfect 😊

    Since then my brother is looking a new car and has asked a price to trade in his existing. He has then offered me his existing car at the trade in price, as you can imagine, this is a very good deal for me!

    Unfortunately I donít have the money at the moment but was thinking of taking out a personal loan.

    So my question is, if I apply for the loan would this impact my mortgage application, even thought there was new credit check etc when changing deal and I have confirmation all is OK?


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    • kingstreet
    • By kingstreet 10th Jan 19, 11:04 AM
    • 34,599 Posts
    • 18,818 Thanks
    • #2
    • 10th Jan 19, 11:04 AM
    • #2
    • 10th Jan 19, 11:04 AM

    Should make no difference on a customer retention product.
    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.
    • SMW87
    • By SMW87 13th Jan 19, 9:27 AM
    • 93 Posts
    • 18 Thanks
    • #3
    • 13th Jan 19, 9:27 AM
    • #3
    • 13th Jan 19, 9:27 AM
    perfect, thats what I was hoping

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