Joint current account income requirements

lersince1991_2

My girlfriend and I are going to take out a joint current account for our first home - mortgage payment, bills, food etc...

I've been looking a lot at santander 123 and it seems the best option with the cash back and interest earned (we will keep £5k as a float always in there).

But our income are somewhat a little strange, basically my gf earns £21k but Im still studying (6th and final year), and working part time on around £8-£10k or so. - the mortgage is taking into account a job offer 3 months in advance.

But santander list "are not a student or in full term education" as one of their reliability requirements. I also couldn't see any salary requirements but they do ask for £500 a month, we won't be moving our salaries into this account but will both have a standing order of around £750 each (£1500) so will easily hit this.

Questions:

1 they say no students but can I still apply as a joint holder with my GF?

2 would any income requirements get us rejected from the current account?

grumbler

1. I am pretty sure, yes.
2. No.

A side note:
Joint or Single Bank Account?

lersince1991_2

Thanks, we would rather have a joint account, we both have excellent credit scores - obviously as we are getting a joint mortgage.

What should I put my employment as? Part time and ignore the student aspect?
So it's all good to apply for the joint current account then?

Also, what about the Santander joint credit card as well for our larger house purchases and get more cash back, these obviously have more strict salary requirements - can we do this? - we would apply after the mortgage of course.

grumbler

A credit card isn't joint. It's sole - with extra cardholders added. The main cardholder is solely liable for everything.

lersince1991_2

Ah ok that makes it easier for application purposes, but would the other card holder get any benefits such as building up their personal credit history?

In other words, would it affect the other card holders credit record ? Positive or negative). Might get two credit cards and also use them for personal expenses such as petrol etc (£2 more a month though...)

grumbler

lersince1991 wrote: »

Ah ok that makes it easier for application purposes, but would the other card holder get any benefits such as building up their personal credit history?

No. Some effect is possible if your credit histories are linked via joint financial products, but I think it works only in one direction and the worst history affects the better one, not vice versa.

lersince1991_2

That's a shame, we will be fighting for whos the main account holder on the credit card in the case! Nevermind, can't have it all

lersince1991_2

The current account all went through no problems ��, just waiting on the PIN numbers through the post, thanks again. Will get te credit car after our mortgage goes through