Two Bank Accounts

Drews1972

I maybe applying for a mortgage in the coming months. My question is, I have two current accounts. One with Lloyds and a new one with Halifax. I also have a few savings accounts.

Should i look to close my Lloyds one down, does it really matter ?

Thank you

Building_Surveyor

why would you think it matters?? do you have overdrafts on the accounts?
I have approx 10 bank accounts, 2 current accounts and the rest savings. didnt do me any harm! I do however have no overdrafts on any accounts.

Drews1972

Hi, i have a £2000 overdraft on my Lloyds one, and a £600 one on my Halifax. Not overdrawn on either.


From another post

When we were declined we discovered a few things
1) Lender did not like gifted deposit
2) Missed phone bill payment 11 months ago
3) Did not like the way i had my money set up (Understandable- overdraft on current account, shed loads of savings in another account)
4) random "forgotten" bank account with no activity

Building_Surveyor

no harm in closing down any you have no use for. that's if they appear on your credit report? only one of mine does so for me it didnt matter.

if you are not in your overdraft the post you have copied above is relevant. If you have savings and an overdraft then it would be wise to pay that off with the savings - that is what they got penalised for not doing.

hope that helps