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Switching bank accounts after offer
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blablablaxd
Posts: 13 Forumite
Hiya! Just wanted to know if switching bank accounts can impact my mortgage if I have already got a mortgage offer in place. We have not gone through exchange yet.
TIA
TIA
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I would avoid any financial transactions that require a search on your credit file unless absolutely necessary - your lender will likely to another credit check a few days before / day of completion.If you absolutely have too open a new account then speak to your mortgage broker and make sure they believe it’ll be fine first - but i would avoid it
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Easier to keep all financials the same.Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓0 -
@blablablaxd I might do it for my own mortgage, but if a client asked me I would recommend that they do their best to incur no new hard-checks between offer and completion.blablablaxd said:Hiya! Just wanted to know if switching bank accounts can impact my mortgage if I have already got a mortgage offer in place. We have not gone through exchange yet.
TIAI am a Mortgage Adviser - 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.
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