We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
First Time Buyer
l8onjones
Posts: 17 Forumite
Hi guys me and my partner are looking to get a mortgage in the next 6 or so months and at present im having issues with my current bank with the level of service and I am looking to leave but what I want to know is does the length of time your with your bank help or hinder your mortgage app?
Also when I was younger I was a bit reckless with cards so I ended up having a few defaults ( now dropped off) and have got an Aqua card which has a current limit of 250 have now been offered 750 should I accept because again dont know how it affects?:beer:
Also when I was younger I was a bit reckless with cards so I ended up having a few defaults ( now dropped off) and have got an Aqua card which has a current limit of 250 have now been offered 750 should I accept because again dont know how it affects?:beer:
0
Comments
-
Be careful that your change of bank does not results in DDM problems.
You should be patient and stay with your current bank.
They service from all of them is next to useless on occasion so you are unlikely to see much of a difference.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
I found Halifax offered a better mortgage deal if you switched your banking to them, so maybe wait until you get the mortgage and switch then. I only had to have my pay paid into my new Halifax account and switch a few direct debits from my old Barclays account.
EdSolar install June 2022, Bath
4.8 kW array, Growatt SPH5000 inverter, 1x Seplos Mason 280L V3 battery 15.2 kWh.
SSW roof. ~22° pitch, BISF house. 12 x 400W Hyundai panels0 -
Thanks for the help guys without sounding dim what is DDM?0
-
Direct debit mandate - your regular bill paymentsI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards