Applying for a mortgage, about to buy a car

Capra

I will be applying for a mortgage with my fiance soon. We are told we would get a mortgage up to 280,000 but we will only want about 150,000 - 180,000. I am currently driving a few different older cars but I was thinking of selling one of these for approximately €6000 (which is about 4500 more than I paid for it. Although if I put it in one of our sheds it is a low mileage appreciating classic so if I dont need to sell it I won't) and getting something more modern. The car I want costs 22500 and would require a loan of between 15-20,000 as I don't want to eat into my savings that I will need for the mortgage deposit.

What way should I go about this?

Geuze

Any borrowing, i.e. car or personal loans, will affect the amount the bank are willing to lend.

Atlantic Dawn

Get the car after you get the house.

Capra

Will the mortgage make it any more difficult to get the car loan? Its not a huge amount.

closifer

Wait until after mortgage is drawn down to get car loan. We got one two months after drawdown with no-issue.