Is it not a good idea to take out finance for furniture when you just purchased a house?

Is it not a good idea to take out finance for furniture when you just purchased a house?

Hi Ben,

Once you have purchased your house, and if it is a good finance deal that you can afford, then there is nothing wrong with it.

When you apply for a mortgage they ask about any changes in your finance, and if you know you are going to be taking on new debt you should be telling your lender at application stage.

However, if you have already completed and it is something you decide to do afterwards, then this is perfectly acceptable.

With a lot of furniture finance you can get 0% interest and this is what I would suggest you look for.

The most important thing is to make sure you are comfortable with the payments both now, and in the future if your other expenses were to increase.

I hope that helps.

Joshua Gerstler
FPFS, Cert SMP, FCA
Chartered Financial Planner