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Phone contract - affect mortgage application?

Mover555
Mover555 Posts: 28 Forumite
in Mortgages & endowments
Hi, I'm about to change my phone contract to a cheaper one. Taking up a new contract generates a credit check - will this have any impact on the mortgage application I'm about to do?

Comments

  • amnblog
    amnblog Posts: 12,791 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Don't do it - why risk it - how much will you save in 30 or 60 days?
    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.
  • Mover555
    Mover555 Posts: 28 Forumite
    It'll be around £20 per month cheaper as I've been paying off the handset. It can wait of course.
    Thanks for the advice, would you say that applies to all other debt consolidation and reduction? I was also thinking of consolidating two credit cards onto one of them.
  • amnblog
    amnblog Posts: 12,791 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Why take any risks if you are about to re-align your major borrowing?
    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.
  • Mover555
    Mover555 Posts: 28 Forumite
    Fair point - I know little about the behind the scenes machinations mortgage providers have. I'd assume that less debt or outgoings would be better but if it really will affect my mortgage application then I'll leave it!
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