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Hard searches prior to mortgage application
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whatnext18
Posts: 30 Forumite
Hello
Back in April, I didn't expect to buy with mortgage this year and got myself a credit card and a current account with no overdraft facilities . There are two hard searches on my report in May, but the accounts are yet to be reported in May.
In the giffgaff one, I have the June version in which the points (which I have been told not to care too much as lenders see it differently) drop a bit (2%)
My credit card utilization is very low (<5%), will that still kill my mortgage applications?
Thanks
Back in April, I didn't expect to buy with mortgage this year and got myself a credit card and a current account with no overdraft facilities . There are two hard searches on my report in May, but the accounts are yet to be reported in May.
In the giffgaff one, I have the June version in which the points (which I have been told not to care too much as lenders see it differently) drop a bit (2%)
My credit card utilization is very low (<5%), will that still kill my mortgage applications?
Thanks
0
Comments
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You are worrying about nothing.
Forget it and have a good weekend.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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