Different bank/saving accounts help get mortgage?

uberteeb

I'll be looking to get a mortgage towards the end of this year, nothing too fancy, at least 10% deposit and a mortgage of around 70-75,000.

My question is this, does having a number of different bank/savings accounts open doors with mortgage providers? I was going to start stocking up my ISA from last year now but my mum reckons that if I get an ISA with a new provider (leaving last yeaqrs £3,600 where it is) that may help me get a mortgage, is there any truth in this?

I ask as I can't be bothered setting up a new one when the money wont be in it that long and the best ISA's just now have to be open in branch, my old ISA still has a rate only 0.45% less than the best currently available.

On a similar note, I dicsovered the other day I still have an HBOS account open that I havent used in over 5 years (I thought I had closed it), this wouldn't have an adverse effect on anything mortage wise? Turns out there has been £2 sitting in it all this time.

Thanks for any help

BabyBoots

I can't see any reason why having multiple separate savings accounts would help you get a better mortgage. It is probably just more admin to keep track of, and bring into one place when you want to pay over your deposit.

uberteeb

BabyBoots wrote: »

I can't see any reason why having multiple separate savings accounts would help you get a better mortgage. It is probably just more admin to keep track of, and bring into one place when you want to pay over your deposit.

Thans for the reply, anyone else back this up before I bung a couple of grand into my existing ISA preventing me from opening a new one?

LeeSouthEast

Savings accounts do not appear on credit reports, so unless you are looking to up your internal score with a particular provider, doing this will have no effect whatsoever.