Settlement over several years - affect mortgage application in future? - Contractor UK Bulletin Board

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DOT COM replied

26 May 2018, 20:02
No not if your figures stack up i.e the affordability check that nearly all high street banks apply to mortgage lending. And if your already on a mortgage the affordability criteria does not apply the same way etc.

Originally posted by mayfire View Post

If we choose to settle and ask to pay the amount over a number of years, will this mean that for the repayment term we will be rejected from mortgage applications?

Eg. If we repay over 3 years, we will be rejected by mortgage lenders for that term because of the debt?
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mayfire started a topic Settlement over several years - affect mortgage application in future?

26 May 2018, 17:01
Settlement over several years - affect mortgage application in future?

If we choose to settle and ask to pay the amount over a number of years, will this mean that for the repayment term we will be rejected from mortgage applications?

Eg. If we repay over 3 years, we will be rejected by mortgage lenders for that term because of the debt?
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