We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Does length of time been with a bank help with mortgage decision?
jackhulk
Posts: 135 Forumite
Hello
I've had my main account with Halifax for over 30 years. Would this have any weight in their mortgage decision, or does this play no part?
Thank you
I've had my main account with Halifax for over 30 years. Would this have any weight in their mortgage decision, or does this play no part?
Thank you
0
Comments
-
no, but if you have had a negative history with them, it may count against you, potentially beyond 6 years
loyalty no longer pays"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
The only reason you'll need a current account with a mortgage provider is if it's a requirement of the mortgage product you want.
Otherwise it's completely irrelevant.0 -
You can find on an internal credit score an existing account relationship with a mortgage lender helps or hinders a mortgage application based on the conduct of the account.
How much this helps or hinders will depend on the lender, conduct etc.
Can the outside world anticipate the value/cost? No!I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, 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. Please do not send PMs asking for one-to-one-advice, or representation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards