Hi
I will have ten per cent saved for mortgage by June but I have a property (apartment) I bought in 2006 already and I will need 20% deposit. I have asked the credit union about getting a loan of second part of 10% to make up the 20% and they have confirm it would be fine as I have been a regular customer for 10plus years etc. The told me they don't register with the ICB and was wondering if the bank could see if I had a loan out with the credit union. I have meet with broker and he has confirmed that the bank will look at my case(on a tracker but -140k in equity). I think I only has one shot at this and was looking for confirmation that the bank cant view my credit union. I don't pay DD in to my credit union. Every thing I do with them is in cash payments and they informed me my info will not be disclosed to the ICB.Can the bank see my loan?
I will have ten per cent saved for mortgage by June but I have a property (apartment) I bought in 2006 already and I will need 20% deposit. I have asked the credit union about getting a loan of second part of 10% to make up the 20% and they have confirm it would be fine as I have been a regular customer for 10plus years etc. The told me they don't register with the ICB and was wondering if the bank could see if I had a loan out with the credit union. I have meet with broker and he has confirmed that the bank will look at my case(on a tracker but -140k in equity). I think I only has one shot at this and was looking for confirmation that the bank cant view my credit union. I don't pay DD in to my credit union. Every thing I do with them is in cash payments and they informed me my info will not be disclosed to the ICB.Can the bank see my loan?