First time buyer mortgage help!!

Jmbrown

Hi all,

Sorry to bother you but wondering if I could have some advice/expertise.

My situation ;
- 24 yo, first time buyer.
- Earning 40k
- Offered accepted and buying a property 206k
- Deposit of 51,500k
- 75% LTV

My problem ;
I am stupid, decided to get a phone contract ( ee ) and was Initially going to go with nationwide, got a DIP from nationwide. Both hard credit checks and have hit my credit rating. My clear score has gone down from 445 to 347. However Experian has only dropped from 980 to 936.

I have submitted a full application to HSBC ( Tuesday last week ) with a mortgage broker. I had an AIP from HSBC for the full amount and as they have the best interest rates I went with them.

I am worried my new credit score will be a problem, any views? Is the score that important or is it taken with a pinch of salt and more around credit history?
I have had car finance, watch, other misc things, never defaulted or had any missed payments.

I guess nothing I can do now but would be nice to have opinions, will keep you updated as to the outcome!

Thanks in advance.
Justin

Jmbrown

Ps. Have gone for HSBC fixed 5 yr mortgage 2.14%

jaelato1

Ignore the credit score, means zilch to lenders. They have their own way of scoring, they only do the check for your credit history