Could opening a new current account affect a mortgage application in the near future?

mickael28

kingstreet wrote: »

No new credit between application and completion!

That's current accounts, cards, loans, nothing.

I remembered now that even applications for a savings accounts record an entry in your credit report with something like 'identity check' or 'money laundering'.

We ended up not opening the current bank account, just in case, but if looking for a house can take a pretty long time, you are pretty limited in your options

Thinking about the end of the tax year now, could opening an account that is not associated with credit, such as an stocks and shares ISA, affect your application?

kingstreet

mickael28 wrote: »

I remembered now that even applications for a savings accounts record an entry in your credit report with something like 'identity check' or 'money laundering'.

We ended up not opening the current bank account, just in case, but if looking for a house can take a pretty long time, you are pretty limited in your options

Thinking about the end of the tax year now, could opening an account that is not associated with credit, such as an stocks and shares ISA, affect your application?

Identity and address checks are not visible to others, only to you. They will not impact a mortgage application as they are not credit searches.

mickael28

kingstreet wrote: »

Identity and address checks are not visible to others, only to you. They will not impact a mortgage application as they are not credit searches.

Ah, thanks! I saw it in my reports so I thought everyone could see if a lot of checks had been made. Thanks for the the clarification kinstreet!