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Edwin Miles. Underwriting Manager

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Been in UK for 6 months can i get a car loan?

Hello, i have been back in the UK for only 6 months now and have a fair credit history of 813. Would i be able to get a car loan? I have a UK licence.

Posted by Nathalie on

Answer.

Hi Nathalie, thank you for your question.

If you have only just moved to the UK and have no previous UK address history then we wouldn't be able to help unfortunately as all lenders need to see a minimum of 3 years address history in the UK. However, if you lived in the UK, then moved away and have now come back we may well be able to help as long as you kept some current active credit live whilst you were away (such as a UK bank account etc). Which is the case with yourself?

Your credit score does seem good and the fact that you have a UK licence is a great thing. Are you employed and on the voters roll at your current address as this will help lenders assess their decision?

Please make an application if you meet the criteria and once approved you can choose a car from any dealer and we also provide a no obligation quote. Kind Regards, Edwin

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Question.

Hi, i have been living in France for the last 15 Years before coming to the UK in January.

I am in full time employment since last week & this is why I need a car. I earn £1300 a month and have been on the electoral roll since May. I am looking at around £5000 to finance but only have a £300 deposit.

Posted by Nathalie on

Answer.

Thanks for the response Nathalie.

I understand your situation now. Unfortunately as you only have 6 months history i don't think we'll be able to get you accepted.

As stated our lenders need to see 3 years address history. I thought you may have still been registered in the UK whilst you were away but this is not the case. Have you tried obtaining a loan from your bank? Kind Regards, Edwin

Posted by on

Question.

Hello, My address history should be OK, as i will have been allocated to my address for 6 and a half years, but i have been working in the US for 2 years.

Do you think this will be an issue for me as well?

Posted by Dean Malone on

Answer.

Hi Dean, thank you for your question.

That's great news that you have kept a credit profile in the UK whilst you have been working in the US. We shouldn't have any issues with you obtaining a car loan.

Please make an application and once approved you can choose a car from any dealer and we also provide a no obligation quote. Kind Regards, Edwin

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