Applying for accounts while waiting for a mortgage

brittany_191

Hi,

This may sound like a stupid question but we don't want to do anything that might cause problems for our mortgage application.

My partner and I have applied for a mortgage with natwest, valuation was completed last week and we are now waiting for an offer from them.

We want to open a joint current account so that we can pay fees, buy furniture and be able to set bill up for when we move using this account. Would applying for a current account cause any problems? I imagine they would do a credit check although we dont want an overdraft.

Thanks

Floxxie

I was told not to apply for any account while the mortgage was being sorted, due to the credit search aspect.

ACG

dont apply for ANY credit until your mortgage completes would be my suggestion.

Chances are it wont have an effect, but its not worth the risk.

brittany_191

Thanks. I thought this might be the case.

I think it will be a while before we are able to complete due to being in a chain. It's annoying having some money in my account and some in my partners.

brittany_191

ACG wrote: »

dont apply for ANY credit until your mortgage completes would be my suggestion.

Chances are it wont have an effect, but its not worth the risk.

Would a current account be considered as credit as we would not want an over draft?

So pleased i asked before applying, better to be safe than sorry!

kingstreet

You will be credit searched, overdraft or not.

superdon

We are remortgaging with TSB and we get some cash back if we open a current account. We have to open that separately. I am presuming it won't be an issue in these circumstances?

amnblog

WAIT


There is no rush to get organised.