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Joint account or mortgage aip first?
wickesy
Posts: 18 Forumite
My fiancee and I will start looking for our first house next month. We are currently living with her parents and have separate bank accounts - mine with Nationwide and hers with HSBC.
My question is, if we apply for a joint bank account now (we are thinking of the Santander 123 account) and say we do NOT want an agreed overdraft will Santander still do a credit check that might affect our chances of getting a mortgage?
Also, if the credit check isn't a problem, will the fact that we have moved bank accounts just before applying for a mortgage be a problem?
If it makes any difference we are thinking of applying for the mortgage with Nationwide.
Thanks for any advice.
My question is, if we apply for a joint bank account now (we are thinking of the Santander 123 account) and say we do NOT want an agreed overdraft will Santander still do a credit check that might affect our chances of getting a mortgage?
Also, if the credit check isn't a problem, will the fact that we have moved bank accounts just before applying for a mortgage be a problem?
If it makes any difference we are thinking of applying for the mortgage with Nationwide.
Thanks for any advice.
Total debt at LBM: £32,340.84
Total debt now: £0
Total debt now: £0
0
Comments
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Applying for anything which involves a credit search close to applying for a mortgage is going to do no good and may be harmful if the rest of your case isn't great to start with.
Leave the joint account until after completion.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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