I will be for ongoing trade use. I'm currently employed full time with a builder, I plan to get my licence and start my construction company in the coming months, but also prior to leaving my full time job I wish to borrow money to purchase a PPOR.
So if there's no impact on my credit file, I would apply for the account now, if it does impact my file I would definitely wait until I purchase the new home.
Still do! It will be a charging clause allowing them to caveat your property which will stay in place until debt is paid out or proceedings finalized. You will also need to pay their solicitor's full costs in chasing you.