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Mortgage & Payday loans

(2 Posts)
frannyfoo Mon 03-Oct-16 12:49:29

Does anyone know of a mortgage lender who will lend to you if you have had payday loans?

Bearbehind Mon 03-Oct-16 14:56:15

No one can answer that for you on here.

Some lenders won't even consider you if you've had payday loans recently while others factor it in to your overall application ie, if you're borrowing a very high percentage of the property value and are at the limit of you're borrowing relative to income it will affect you much more adversely than if the reverse were true.

A whole of market broker will be able to look at your case and tell you if they think any lenders will consider you.

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