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Opening a Premium Bond / NS&I account during mortgage application
lestergun
Posts: 119 Forumite
Hi,
I'm in the early stages of a mortgage application and intend to gather the cash deposit that's currently sat in ten+ bank accounts and move them to a single account. I quite like the idea of putting it all into Premium Bonds during the mortgage process. Would the NS&I CRA identity search be visible to my lender? Or is it a soft search? I'd guess that it's probably unwise to open any new accounts at the moment - if anyone has any info (couldn't find the soft / hard search info on the NS&I website - just says 'identity search') then I'd be grateful to hear it.
And was unsure if this should be posted in here or in the Credit Reference sub-forum, so apologies should I have made an error.
Thanks
Lester
I'm in the early stages of a mortgage application and intend to gather the cash deposit that's currently sat in ten+ bank accounts and move them to a single account. I quite like the idea of putting it all into Premium Bonds during the mortgage process. Would the NS&I CRA identity search be visible to my lender? Or is it a soft search? I'd guess that it's probably unwise to open any new accounts at the moment - if anyone has any info (couldn't find the soft / hard search info on the NS&I website - just says 'identity search') then I'd be grateful to hear it.
And was unsure if this should be posted in here or in the Credit Reference sub-forum, so apologies should I have made an error.
Thanks
Lester
0
Comments
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Why move the cash when you are about to invest it into the property?
Leave it where it is.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.0
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