Loans Impact your Mortgage Application

ARE YOU THINKING OF PURCHASING A CAR ON FINANCE?

Are you in the middle of a mortgage application?

Are you due for a re-mortgage?

A car loan or any additional finance agreement may have a direct impact on your credit rating.

Mortgage lenders will often do last credit check searches before you complete you sale.

This means that any new credit commitments could reduce mortgage companies belief in what you can pay each month and so the amount they may want to lend you might drop.

If a car loan or additional finance is something you are considering and you are in the middle of the mortgage process, pick up the telephone to me first!

Call: +44 777 890 1883

Email: emily@emilyrhodesmortgages.co.uk