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Change of current account

jyonda
jyonda Posts: 477 Forumite
in Mortgages & endowments
If I change my current account will this adversely affect my chances of getting a mortgage? If so, who with?
Thanks

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    No - it should have no adverse effect on a mortgage application.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • biblejohn
    biblejohn Posts: 553 Forumite
    Unless the new bank does a credit check on you, then too many credit checks could have an effect.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    One credit check to open a bank account should not cause a problem
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    But the length of time you have been with a bank can affect how a lender views you.

    May be you can leave your old current account in dormant state, so when asked for 'years/months with bank?" you can use the data pertaining to your old account.

    I don't believe it has any adverse affect if your credit file shows more than one current account - does anyone know?
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    Having more than one current account should not adversely affect a mortgage application.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
This discussion has been closed.
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