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are multiple banks accounts ok ?
kemp596
Posts: 37 Forumite
I have recently opened a number of accounts,
TSB+, club lloyds, nationwide flex direct, First Direct reg saver, Two tesco saving accounts to satisfy the DD needed for the club lloyds, and have an old TSB Graduate acc, and my main First Direct acc for salary/ bills, and a Yorkshire building society savings acc.
We are currently saving for a good deposit for a mortgage on our first home, I was wondering if having all these accounts will look bad to the mortgage lender ?
TSB+, club lloyds, nationwide flex direct, First Direct reg saver, Two tesco saving accounts to satisfy the DD needed for the club lloyds, and have an old TSB Graduate acc, and my main First Direct acc for salary/ bills, and a Yorkshire building society savings acc.
We are currently saving for a good deposit for a mortgage on our first home, I was wondering if having all these accounts will look bad to the mortgage lender ?
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Comments
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The accounts won't be an issue, but how many credit searches?
When do you plan to apply for a mortgage?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 -
I think all the new accounts had a credit search before they approved me online, so 5 or 6 credit searches I assume. We are planning on applying for a mortgage towards the end of this year roughly November time, I dont plan on making any new applications for credit or accounts before this time.0
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That would be a very good idea.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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