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UK-based mortgage applicants are reporting negative reactions to their BNPL usage when applying for home loans. Mortgage experts suggest that much of the issues are because lenders simply don't understand the main drivers for BNPL usage (i.e., Buying multiple sizes without paying cash upfront as opposed to living beyond one's means). Experts suggest trying other banks as results vary widely across institutions.
"As a responsible lender we assess the affordability of each and every mortgage application. All credit agreements, including BNPL agreements, are included in this affordability assessment," said a Barclays spokesperson.
https://www.refinery29.com/en-gb/2021/07/10580038/buy-now-pay-later-mortgage-eligibility
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