Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 1 month ago

Does a criminal record affect mortgage rates and/or ability to buy a home?

6 Answers

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  • 1 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.

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  • Anonymous
    1 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.

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  • 1 month ago

    It could.  By how much - can't tell.  It would have to be determined at the time.

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  • Tavy
    Lv 7
    1 month ago

    Not in the UK only your credit rating is checked.

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  • 1 month ago

    Probably not inherently...depends on the convictions though.  Pretty hard to do any banking if previously convicted of bank fraud...

    • Banks do not do criminal background checks on potential account holders. I would hope you would know this but wait... 8% best answer rate means that 92% of the time - you give people the wrong information!

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  • 1 month ago

    It could.  It's up to the individual lender to decide for themselves.  

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