Will I Struggle to obtain a mortgage 28 August 2021 at 2:40PM in Mortgages & endowments 2 replies 431 views

MattHun23

Hello All,

wondering if anyone has any ideas on this.

when I was younger I was a bit of an idiot and went though a phase of opening and switching bank accounts to obtain the switcher payments as I was struggling financially.

long story short I’ve checked my file and I’ve got 50 off closed bank accounts over the years.

I struggled with credit cards but These are now under control and never go above around 15 percent utilisation in total.

As far as I can tell as long as I keep credit applications to a minimum I should be okay to obtain one in around 12 months time when I intend to get a mortgage?

My file has no late payments, defaults or ccjs so it is only my credit applications and utilisation that affect my credit currently.

thanks in advance

csgohan4

nothing in there is concerning. Reduced credit applications to a minimum 6 months before application, but 12 months would be useful but not essential. 

Debt  and Defaults will be the biggest obstacle for people applying

don't forget gambling

Good luck

ACG

You should be fine. 
But try to stop making applications. 
Close any accounts you no longer need/use.