Bank switch, Re-Mortgage

FletchB

Hi,

Could anyone out there advise me about Time with your bank and re-mortgaging please.

Basically I want to switch banks as I'm with barclays. However, next year I will need to re-mortgage and was wondering how much favor you are given on application for said mortgage if you've been with your bank a long time?

Any help would be great,

Cheers

ACG

I dont think it will make too much difference, so long as your not doing it within say 3 months of applying for the mortgage.

However, barclays do offer a pre agreed credit limit, potentially they could offer you a mortgage based on the amount paid into your bank without even having to supply too much paperwork.

Are yuo moving banks in order to increase your chance of getting a mortgage with that lender? If so, anything could happen in a year - they could pull out of the market, increase their rates, change their criteria etc etc, seems a bit strange to change to your bank account in order to get a paticular mortgage in a years time.