Mortgage application / credit score

Albert_FTB

I've been speaking with L+C as our current deal ends in January. My question is if we get knocked back on a mortgage application due to the property valuation coming in over 90% LTV (i.e. the house is not valued high enough), does this affect our credit score? L+C told me last week it would...today they said the opposite!

Also, does anybody have any inkling on whether fixed rate deals will improve or not in the next three months? I would think it is currently impossible to say either way, though one mortgage broker advised us they thought rates would improve???

Many thanks

_Andy_

Worst that can happen is you have a credit search for a mortgage application on your credit file. No big deal.