Mortgage Application Query

rp5017

Is it possible to apply for two mortages at the same time. My broker has put in an application with Abbey but i also like the look of The One Account.

Would i be able to apply as well to see which one comes out the best for us.

Conrad

You can as long as you advise the broker of this. You wouldn't want someone to waste your own precisous time behind your back, so as a moral caring Human you will of course treat others as you yourself want to be treated.

rp5017

Conrad wrote: »

You can as long as you advise the broker of this. You wouldn't want someone to waste your own precisous time behind your back, so as a moral caring Human you will of course treat others as you yourself want to be treated.

Thanks for your reply.

I wouldn't want to upset my broker he has been really helpful. When he was searching for offers the One Account didn't come up.

Would he be really hacked off with me or would he not mind.

Also would applying for two different mortgages affect my credit rating.

Rafter

If you like the look of an offset product, then I would have a look at first direct too.

Be careful with multiple applications though, often there is a non-refundable booking fee and you don't want to end up paying for several valuations too.

Your broker won't be able to sell you first direct I think, they only deal direct with the public, not brokers.

Good luck

R.

koexelek

You can apply for as many as you like.

Multiple credit searches will bady affect your chances of being accepted though

luckyfool

I would echo Koexelek's comment on multiple credit searches. It could also end up messing up your brokers application as well.

Also, what attracts you to the One Account? Is it just the offsetting, or the whole current account shenanigans thing?

If you just want to be able to offset/sock away savings and get the money back again in the future, AND you would prefer something fixed then you could speak to your broker about Northern Rock's flexible fixed rates. They allow unlimited overpayments and you can get the money back at the same fixed rate whenever you need it with only a couple of days notice. Not technically an offset product, but to all intents and purposes you can use it as one.