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  • Writer's pictureAga - Mortgage Broker

Buy Now Pay Later can affect your mortgage application!

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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