Credit check between exchange and completion

Gavin83

So I exchanged on my new house a few days ago and I’m due to complete on Wednesday next week. I went to setup a broadband supply but I stopped when I noticed that it includes a credit check. I’m under the impression that doing anything that affects your credit file until exchange is a bad idea but given it’s just for broadband and not a massive loan am I being paranoid? Would I be better off waiting? Thanks.

Reginald74

Better off waiting

Irishpearce26

Honestly it will have no bearing on your mortgage offer. For peace of mind wait it out.

mat1964

After exchange, I put a load of stuff on my credit cards to buy things for the new house, set up new utilities which included a credit check etc etc.  Mortgage offers state they could be withdrawn due to a 'significant change in circumstances' - so maybe financing a new car would come into that, but certainly not setting up a utility.    

In fact you are better off doing some things before completion if you are going to need them  - as after completion your credit score will tank. Mine has - not on the electoral roll, shown as having 2 mortgages ,Experian score gone from Excellent to Poor, skipping fair and good completely!

Reginald74

The score Experian and others give you is meaningless. Just made up by them and not visible to creditors.

user1977

Obviously, people moving house are going to be setting up new utility accounts. Lenders aren't going to be surprised or alarmed by that. They'll be more concerned about, say, a big new personal loan. 

Gavin83

Thanks all. I did think I was being a bit paranoid about this given the fairly small figure. I’m certainly not stupid enough to be taking out car finance or anything like that!

Given it’s only a few days until completion though I figure I’m better off just waiting.