Credit Report Before Mortgage Application

laura84gr

Hey guys,

I am currently saving for a deposit to buy a house and will continue saving through 2017 with the plan to get a mortgage early into 2018.

I paid off all my debt last year after being really terrible with money for years. My credit reports all looks ok, With the exception of 9 late payments. 7 of these will drop off by the end of next year. Which will leave 2 from 2013.

All 3 give me high scores (which I am aware doesnt count for much) and I have 3 credit cards that I settle in full ever month. The total limits on the cards is £18k.

Will these 2 late payments have any effect on me being able to get a mortgage? I only use my credit cards for everyday spending, mostly to ensure I have enough direct debits for my 3 BOS current accounts. I'll be opening another couple of current accounts in 2017. Will opening new accounts affect my mortgage application?

Many thanks.

[Deleted User]

If you're still a year away from a mortgage, I wouldn't worry too much.

laura84gr

I'm not worrying too much.

As I continue to save I'll continue to open current accounts to earn as much interest as possible, however if this will have an effect on my morgage application then I wouldn't open anymore.