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2 mortgage applications at same time?
cheekymonkeb0y
Posts: 98 Forumite
Hi All,
I need a mortgage at short notice for a property i have seen in auction.
I have spoken to my own bank and another.
As time is tight, is there any risk of doing 2 applications at same time, reason is one bank has a better fixed rate at 4.09, while the other bank has a no set up fees tracker at 2.99% (that can be easily fixed if necessary).
*there is no guarantee either bank will have mortgage approved in time.*
Ideally we want the second rate, what's the risk of having 2 mortgage applications at go at same time?
I know it effects the credit score doing more than one check, but our credit health is good.
Any thoughts?
I need a mortgage at short notice for a property i have seen in auction.
I have spoken to my own bank and another.
As time is tight, is there any risk of doing 2 applications at same time, reason is one bank has a better fixed rate at 4.09, while the other bank has a no set up fees tracker at 2.99% (that can be easily fixed if necessary).
*there is no guarantee either bank will have mortgage approved in time.*
Ideally we want the second rate, what's the risk of having 2 mortgage applications at go at same time?
I know it effects the credit score doing more than one check, but our credit health is good.
Any thoughts?
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