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  • FIRST POST
    • CHlHlRO
    • By CHlHlRO 8th Feb 18, 7:14 AM
    • 63Posts
    • 26Thanks
    CHlHlRO
    Applying for mortgage—should I switch now?
    • #1
    • 8th Feb 18, 7:14 AM
    Applying for mortgage—should I switch now? 8th Feb 18 at 7:14 AM
    That’s the question! There are savings to be had, according to the Cheap Energy Club, but with us about to apply for a mortgage and moving (hopefully) shortly thereafter (if successful, obviously!) is it wise to switch energy suppliers NOW?

    I’m considering—
    •The supplier would have to offer a portable tariff (or no exit fee), so I might not be able to secure the cheapest deal anyway.
    •The cheaper tariffs available for our current property might not be the best for our new property (although we’d be staying in the same area).
    •Suppliers may run credit searches—but a ‘soft’ search would be okay. Will they tell me upfront which type they use?
    •Although we could make savings, they are not huge (c. £200 per year in total for both)—is it worth the hassle or should we just set up new accounts when we move?

    Sorry if this is a daft question! Thanks
Page 1
    • Hengus
    • By Hengus 8th Feb 18, 9:13 AM
    • 5,195 Posts
    • 3,183 Thanks
    Hengus
    • #2
    • 8th Feb 18, 9:13 AM
    • #2
    • 8th Feb 18, 9:13 AM
    Just a point to bear in mind, there is no such thing as a 'portable tariff'. When you move into any property you will be on a Deemed Contract with the existing supplier to that property. Call them with your details and meter readings and then you are free to switch. Any 'portability' just means that a supplier will take you back on your existing contract terms when you initiate a switch back to them in your new property. You will pay the Deemed Supplier for all energy used until the transfer goes through (21 to 35 days)
    • CHlHlRO
    • By CHlHlRO 8th Feb 18, 2:04 PM
    • 63 Posts
    • 26 Thanks
    CHlHlRO
    • #3
    • 8th Feb 18, 2:04 PM
    • #3
    • 8th Feb 18, 2:04 PM
    Thanks for the clarification re: portability.
    • tenchy
    • By tenchy 8th Feb 18, 3:34 PM
    • 241 Posts
    • 59 Thanks
    tenchy
    • #4
    • 8th Feb 18, 3:34 PM
    • #4
    • 8th Feb 18, 3:34 PM
    A question I've asked many times before, but no one seems to know the answer:


    When a potential lender does a hard search, he sees other hard searches, but are utility searches flagged as such? This would allow the potential lender to disregard them, since they're mostly not relevant.
    • Bigphil1474
    • By Bigphil1474 9th Feb 18, 10:21 AM
    • 765 Posts
    • 312 Thanks
    Bigphil1474
    • #5
    • 9th Feb 18, 10:21 AM
    • #5
    • 9th Feb 18, 10:21 AM
    OP, have you checked your existing suppliers tariffs? Might save you a bit of money, but not as much as moving, to go on a new fixed (no exit fee) tariff with existing supplier, that would be more convenient to sort out when you do move.
    • CHlHlRO
    • By CHlHlRO 9th Feb 18, 10:25 PM
    • 63 Posts
    • 26 Thanks
    CHlHlRO
    • #6
    • 9th Feb 18, 10:25 PM
    • #6
    • 9th Feb 18, 10:25 PM
    My latest bills both say “you’re already on our cheapest tariff”, however the energy saving club indicates that other suppliers could beat them.
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