Our doors may be closed, but we’re still here for you. In line with government advice on the outbreak of Coronavirus (COVID-19), all our Martin & Co branches will be temporarily closed until further notice. The health and safety of our staff and customers is, of course, our number one priority. But while we might not be able to see you, we are still here if you need us. The Martin & Co teams are all working remotely, ensuring we can provide continuous support for all our customers. Please email your nearest branch directly through the website and, most importantly, stay safe and healthy during these difficult times

Payday Loans Reduce Chances of Obtaining a Mortgage

Payday Loans Reduce Chances of Obtaining a Mortgage

Mortgage brokers are reporting that up to 85% of mortgage applications are being declined when the applicant has taken out a payday loan, whether it has been repaid or not.


Some mortgage lenders have strict terms and conditions. Lenders such as Kensington Mortgages or G E Money will not lend to any applicant that has taken out a payday loan within 3 months of applying or taken out more than one loan within the last 12 months. 


It is important to investigate the terms and conditions of the lender prior to applying as discrepancies such as payday loans may influence the final decision. 


For more information on the property market in Southampton, whether you are buying or renting, selling or letting your property, then give Martin and Co Southampton City a call on 02380 988881.