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Will switch business account affect my future mortgage?

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Will switch business account affect my future mortgage?

edited 30 November -1 at 1:00AM in Small Biz & Charities' MoneySaving
1 reply 2.1K views
itlondonitlondon Forumite
3 posts
edited 30 November -1 at 1:00AM in Small Biz & Charities' MoneySaving
Hello, please give me advice.

I’m not British, so sorry if I cannot explain well.

My background and situation.
I live with the VISA, Indefinite leave to remain in the UK.
I bought a flat 4 years ago, and I remortgaged 2 years ago.
I set up my small business (limited) a year ago.

My personal account, mortgage, business account are all Barclays.
Then, I’m thinking to switch my business account from Barclays to Natwest.
The reason is my accountant suggests to use FreeAgent and it’s free if I have Natwest account.

My question is if I switch my business account, will it affect my remortgage?

I’ve heard it may be difficult to get better mortgage product when you set up own business (I mean small company). My current mortgage plan is pretty good deal because I have been using Barclays for years.

So, will it affect my mortgage deal if I switch my business account from Barclays to Natwest?
Or, my dividend will get paid to my Barclays personal account which should not affect my remortgage in the future?

Sorry for my poor English 🙏🏼

Replies

  • gingerdadgingerdad Forumite
    1.9K posts
    Part of the Furniture 1,000 Posts
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    if it's a limited company I can't see how it could but I'd be looking at switching to a fee-free one either promotion like HSBC or Yorkshire or permanent like Starling. We've switched our business account every couple of years to keep it free and not seen any negative effects.
    The futures bright the future is Ginger
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