Does a criminal record affect mortgage rates and/or ability to buy a home?
- SlumlordLv 71 month ago
Of course it does. Most banks and mortgage lenders will require a criminal background check and they can turn you down if you have a criminal record and seem like a risk to them.
- Anonymous1 month ago
Not unless you try to use the proceeds of crime to purchase the property.
I doubt the question of criminality will arise. But they have to check on money laundering.
- babyboomer1001Lv 71 month ago
It could. By how much - can't tell. It would have to be determined at the time.
- TavyLv 71 month ago
Not in the UK only your credit rating is checked.
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- Casey YLv 71 month ago
Probably not inherently...depends on the convictions though. Pretty hard to do any banking if previously convicted of bank fraud...
- MichaelLv 71 month ago
It could. It's up to the individual lender to decide for themselves.