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Mortgage application

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  • Mortgage application

    We are in the middle of an application for a mortgage...it is at the processing stage...we have perhaps unwittingly happened our chances of getting the mortgage as we have a finance agreement for a car which we disclosed at initial application, the company rang us to let us know that the finance rates were changing and we could get another new car for a cheaper monthly payment. We thought this was good news reducing our payments etc but after reading up on tips on mortgages etc i am now worried this will affect the mortgage decision should I tell the lenders about the new finance.