Re: Affordable Housing/shared Ownership
Some credit unions are on the ICB so the loan could show up. Also, if you are paying the credit union by s.o or through your wages they will probably query this. It would reflect better on you to tell them about this loan than if they found out about it for themselves. Any loan repayments reduce the mortgage amount you qualify for but if you cannot afford to repay the loan credit unions are quite flexible and you can reduce your monthly repayments which may enable you to keep the laon along with your new mortgage.