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New Credit Card Mid-Mortgage Application
Brinkster
Posts: 37 Forumite
Does anyone know if being issued a new credit card (i.e. a replacement for an expired card as opposed to a new application) results in any kind of credit search or appears as if you're taking on new credit? I have one that expires and should be issued a new one this month, whilst my mortgage application is on-going.
Also, it is 4 weeks since full application by phone, 3 weeks since full application and docs by post, and 10 days since survey and valuation (no issues, value same as price).... should I be getting worried that we've not had an approval yet? This is with HSBC, who took the booking fee a couple of weeks ago and the mortgage account even shows up in online banking with a £0 balance, but no approval yet.
Also, it is 4 weeks since full application by phone, 3 weeks since full application and docs by post, and 10 days since survey and valuation (no issues, value same as price).... should I be getting worried that we've not had an approval yet? This is with HSBC, who took the booking fee a couple of weeks ago and the mortgage account even shows up in online banking with a £0 balance, but no approval yet.
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Comments
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A new card has no implications for you at all.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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I think you are getting close to an approval.
Do not worry about re-issue of an expired credit card. It is standard practice and does not leave a credit check on your file usually. So no need to worry on that.
If you are in hurry and the completion date is fast approaching, I would suggest you speak to HSBC about it and hopefully everything should be sorted in good time for you.
Best of luck0 -
This will have no impact on your credit file as for HSBC they are known for being extremely slow so I would badger them every day...0
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