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Buy Now Pay Later can affect your mortgage application!

Writer's picture: Aga - Mortgage BrokerAga - Mortgage Broker

Did you know that a Buy Now Pay Later (BNPL) activity could affect your mortgage decision. Why?

  • This is a financial committment that gets reported on your credit file. Make sure it is set up as a direct debit and do not miss any repayments.

  • Relying on BNPL may be seen by mortgage lenders as not managing your finances too well, especially if there are multiple BNPL activities on your account.

  • Only use it when you are absolutely sure you can pay it off

  • Every now and then, monitor your credit report to check that no errors have been marked against your account.


If you have used BNPL and would like to check your mortgage readiness, do get in touch with us.




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GRN Financial Services

Mortgage broker

15 Bath Street,

Leek

ST13 6JQ 

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REMEMBER! YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

OUR FEES and charges vary depending on the services we provide to you. We typically charge a fee of £499 payable on mortgage offer.

Some of the products/services shown are not or may not be regulated by the Financial Conduct Authority.

GRN Financial Services Ltd is a company registered in England and Wales. Registered number: 11200120. Registered office: 15 Bath Street, Leek, Staffordshire, ST13 6JQ. GRN Financial Services Limited is an appointed representative of PRIMIS Mortgage Network, a trading name of Personal Touch Financial Services Ltd. Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority. GRN Financial Services Ltd accepts no responsibility for any loss or damage resulting directly or indirectly from the use of the content on this website. The content of this website is aimed at UK based customers only.

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