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To pay off loan or not?
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RussH
6 Posts
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1
13/01/2021 - 12:28 pm

There’s probably not a right or wrong answer but…..
I have a small loan of £4k. Would lenders prefer it to be paid off before applying or does it not matter?
I’m not sure if having zero debt when applying is good or not.

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157 Posts
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13/01/2021 - 12:28 pm

Often will not matter, depends what affordability on your overall case looks like.

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Your home may be repossessed if you do not keep up repayments on your mortgage.