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Appilcation with joint account

brydo86
brydo86 Posts: 24 Forumite
Tenth Anniversary Combo Breaker
in Mortgages & endowments
Hi there, I will be looking at applying for a mortgage soon. The problem is that my wife doesnt have good credit and we have recently opened up a joint bank account. Do you think it would favour me to close this account and go back to having seperate accounts? Im aware that the mortgage companies can start delving in to my wife's credit score as we are attached with credit. Thanks in advance.

Comments

  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You have already financially linked yourselves together through the joint account (even if you did not have previous financial links).
    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.
  • LplateSaver
    LplateSaver Posts: 351 Forumite
    brydo86 wrote: »
    close this account and go back to having seperate accounts

    You'd need to close the account and file for disassociation with the three CRAs. That might take a few weeks so if you do decide to do that get on them as soon as possible.
  • brydo86
    brydo86 Posts: 24 Forumite
    Tenth Anniversary Combo Breaker
    amnblog wrote: »
    You have already financially linked yourselves together through the joint account (even if you did not have previous financial links).

    So are you saying the mortgage company would look or ask why I am no longer financially associated with my wife?
This discussion has been closed.
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