Joint Bank Account

WiseOwl00

This is probably a silly, but quick question. Me and my partner will be applying for a mortgage in the next week with Nationwide (for the second time - first house fell through!). We would like to open a joint bank account at some point, which we will both contribute to, for all our mortgage and bill payments to come out of. We currently both have completely separate finances - one main bank account each which our wages are paid in to, one HTB ISA each, and another separate savings account each. We plan to keep our separate accounts open (except for the HTB ISAs) and then the joint account as well. Our solicitors and mortgage advisor have all our statements for each bank account already.

I was just wondering would opening a joint bank account during the mortgage application affect anything? Does it matter when we open it? This might sound like a silly question but we had so many delays with the first application that I don't want anything else to affect it. 

dimbo61

I would wait till you have the mortgage and have moved in.
Then set up the new joint account 

Natztastic2

WiseOwl00 said:

This is probably a silly, but quick question. Me and my partner will be applying for a mortgage in the next week with Nationwide (for the second time - first house fell through!). We would like to open a joint bank account at some point, which we will both contribute to, for all our mortgage and bill payments to come out of. We currently both have completely separate finances - one main bank account each which our wages are paid in to, one HTB ISA each, and another separate savings account each. We plan to keep our separate accounts open (except for the HTB ISAs) and then the joint account as well. Our solicitors and mortgage advisor have all our statements for each bank account already.

I was just wondering would opening a joint bank account during the mortgage application affect anything? Does it matter when we open it? This might sound like a silly question but we had so many delays with the first application that I don't want anything else to affect it. 

After we received our mortgage offer we were told we could, but if I'm honest it isn't worth the risk as some lenders like to do a pre-completion check. So I wouldn't just in case.

We will be waiting until we have the keys. 

fewcloudy

WiseOwl00 said:

This is probably a silly, but quick question. Me and my partner will be applying for a mortgage in the next week with Nationwide (for the second time - first house fell through!). We would like to open a joint bank account at some point, which we will both contribute to, for all our mortgage and bill payments to come out of. We currently both have completely separate finances - one main bank account each which our wages are paid in to, one HTB ISA each, and another separate savings account each. We plan to keep our separate accounts open (except for the HTB ISAs) and then the joint account as well. Our solicitors and mortgage advisor have all our statements for each bank account already.

I was just wondering would opening a joint bank account during the mortgage application affect anything? Does it matter when we open it? This might sound like a silly question but we had so many delays with the first application that I don't want anything else to affect it. 

Just wait until it's all done and dusted. No need to do this in a hurry is there?