Cifas marker

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#1
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#1
Does a cifas marker stop you getting a mortgage or doing a rent to buy scheme ?
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ReadingMum
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#2
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#2
It certainly would limit your access to mainstream products - you would need to use a mortgage broker that specialised in more challenging applications.
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Admit-One
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#3
Report 3 months ago
#3
(Original post by 12345678..)
Does a cifas marker stop you getting a mortgage or doing a rent to buy scheme ?
It would potentially make you less attractive to any company that offers credit terms, IE. lending you money. That could be mortgages, credit cards, finance for a car or furniture etc. (I can't speak for rent to buy though.)

As above, it won't necessarily be impossible, it may just limit your options.
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StriderHort
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#4
Report 3 months ago
#4
I would assume it would make both of these things extremely hard if not impossible.

I don't entirely know buy2rent works, but it sounds like they do some checks on you before agreeing the reduced rent and plan to buy, so that might sink it.
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Napp
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#5
Report 3 months ago
#5
If not itll certainly make it immensely difficult, let alone one with a realistically repayable interest rate
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