Tv / broadband credit check before completion

monkeysrevenge

Hi all,


I am in a position where we are buying a new build (August completion) and my current TV / broadband contract has come to an end, and is jumping from £35 per month to £85 per month.


I am looking at therefore moving suppliers as my current provider (Sky) refuse to reduce the package price below £65 with discounts for TV, broadband and line rental.


I have seen the BT offer of Broadband (£28.99 per month) plus starter TV (free) and want to go ahead with it as the current £110 Quidco deal expires today (plus a £100 MasterCard).


I know it's been done to death on here about "not applying for new credit" before completion on our mortgage, but if this was picked up by our lender, is it realistic that our offer could really be in jeopardy?


If we stayed as we were, we would be worse off financially by £30 per month minimum, so by doing this we actually save money - will a lender see it that way though?


We cannot afford to be without broadband as both our jobs are partially working from home, and no internet access means no income... it's not just a luxury for us.


Our lender is Halifax, LTV is 75% with HTB (5% deposit) and our income multiple is 3.97 of the mortgage borrowing.


Thanks

rtho782

I'm not sure all broadband providers even perform a credit check, but I certainly wouldn't worry too much - almost everyone buying is going to sign up for broadband at their new address just before they move in/complete.

I signed up with Virgin Media about 2 weeks before completion on our house so that it was activated on day 1.

ThePants999

This is going to be absolutely fine. The reason why credit checks before mortgage completion are often a bad idea is they make the bank worried that your financial situation is not going to be what it was when you applied, e.g. you're going to take on additional debt and might no longer be able to afford the mortgage. It will be obvious to Halifax that a credit check from BT is not an indicator of a material change in your financial situation.