Credit application before completion

bonniecorlett

Hi, I need some advice please.

I am a first time buyer who has a mortgage offer with accord ready for completion on a new build in September. The offer expires next month so we’ll need to extend this. What documents will they ask for and will they do another credit check?

Stupidly, I’ve applied for DFS finance and this has done a hard credit check on my file. How negatively will this affect me? Will there be a chance of having the offer withdrawn? I’m not sure how many checks they done as they have different credit companies.

For reference, I’ve got no other finance agreements only the usual like car insurance etc. I’ve got a credit card with £500 limit but have spent £0. Living with parents so no major expenses. Buying with my partner who has had a 5k pay rise since we applied

Thanks In advance!

kingstreet

New credit check, latest bank statements and payslips required and confirmation no changes in circumstances have taken place. No way of knowing if a recent search will be enough to see your application declined nor if affordability will be affected by the HP.
Standard advice - no new credit between application and completion.